Form 4: Advantage Solutions Inc. COO Jack Anthony Pestello Reports Stock Transactions
SEC Form 4 Filing
COO Jack Anthony Pestello reports the vesting of performance-based stock units and shares withheld for tax obligations.
Summary
- On June 12, 2024, Jack Anthony Pestello, COO of Branded Services at Advantage Solutions Inc., reported transactions involving Class A Common Stock.
- 116,278 Performance Restricted Stock Units (PSUs) vested, converting into Class A Common Stock.
- The company withheld 47,403 shares at a price of $3.06 to cover tax obligations related to the vesting of restricted stock units and PSUs.
- Following these transactions, Pestello directly owns 284,576 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and tax obligations, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 06/12/2023 | Original grant date of Performance Restricted Stock Unit (PSU) award |
| 06/12/2024 | Date of stock transactions: vesting of PSUs and tax withholding |
| 06/14/2024 | Date of signature for the Form 4 filing |
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