Form 4: Acacia Research Corp: Interim CFO Kirsten Hoover Reports Stock Transaction
SEC Form 4 Filing
Interim CFO Kirsten Hoover reports the withholding of 4,108 shares of Acacia Research Corp stock to cover tax obligations related to vesting restricted stock.
Summary
- On March 10, 2025, Kirsten Hoover, Interim CFO of Acacia Research Corp, reported a transaction involving the withholding of 4,108 shares of ACTG common stock.
- The shares were withheld to satisfy tax obligations related to the vesting of 10,000 shares of restricted stock on March 8, 2025.
- Following the transaction, Hoover directly owns 94,627 shares of ACTG common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects routine tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/08/2025 | Vesting date of 10,000 shares of restricted stock. |
| 03/10/2025 | Date of the reported transaction (stock withholding). |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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