Form 4: Advantage Solutions CEO David Peacock Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
David Peacock, CEO of Advantage Solutions Inc., disposed of shares to cover tax withholding requirements related to vesting restricted stock units.
Summary
- On February 3, 2025, David A. Peacock, CEO of Advantage Solutions Inc., reported a transaction involving Class A Common Stock.
- Peacock disposed of 56,523 shares at a price of $2.62 to satisfy tax withholding requirements on the vesting of restricted stock units.
- Following the transaction, Peacock directly owns 2,313,873 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the disposal of shares by the CEO, but it is primarily related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of stock disposal transaction. |
| 02/05/2025 | Date of signature for the report. |
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