Form 4: Advantage Solutions CFO Christopher Growe Reports Stock Transactions
SEC Form 4 Filing
Christopher Growe, CFO of Advantage Solutions Inc., reports the vesting of performance-based restricted stock units and shares withheld for tax obligations.
Summary
- On June 12, 2024, Christopher Growe, the Chief Financial Officer of Advantage Solutions Inc., reported transactions involving Class A Common Stock.
- 65,115 Performance Restricted Stock Units (PSUs) vested, which were originally granted on June 12, 2023.
- 28,137 shares were withheld by the company to cover tax obligations related to the vesting of restricted stock units and PSUs at a price of $3.06.
- Following these transactions, Growe directly owns 185,234 shares of Class A Common Stock and indirectly owns 110,000 shares through a family trust.
- He also directly owns 130,233 Performance Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 06/12/2023 | Original grant date of Performance Restricted Stock Unit (PSU) award |
| 06/12/2024 | Date of PSU vesting and stock transactions |
| 06/14/2024 | Date of signature for the Form 4 filing |
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