Form 4: Advantage Solutions Inc. COO Michael Larry Taylor Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Michael Larry Taylor, COO of Retail Services at Advantage Solutions Inc., reports the vesting of performance-based restricted stock units and shares withheld for tax obligations.
Summary
- On June 6, 2024, Michael Larry Taylor, COO of Retail Services at Advantage Solutions Inc., reported changes in beneficial ownership of Class A Common Stock.
- 4,145 Performance Restricted Stock Units (PSUs) vested, and 3,500 shares were withheld by the company to cover tax obligations.
- Following these transactions, Taylor directly owns 348,895 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of stock options and withholding of shares for taxes may have a minor impact on the company's outstanding share count.
Key Dates
| Date | Description |
|---|---|
| 06/01/2022 | Original grant date of the Performance Restricted Stock Unit (PSU) award. |
| 06/06/2024 | Date of transaction: vesting of PSUs and tax withholding. |
| 06/10/2024 | Date of signature for the report. |
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