Form 4: Advantage Solutions Inc. COO Michael Larry Taylor Reports Changes in Beneficial Ownership

Michael Larry Taylor, COO of Retail Services at Advantage Solutions Inc., reports a transaction involving Class A Common Stock on March 15, 2024, resulting in a decrease of 10,688 shares due to tax withholding.

Summary

• On March 15, 2024, Michael Larry Taylor, the COO of Retail Services at Advantage Solutions Inc., engaged in a transaction involving Class A Common Stock.
• The transaction involved the disposal of 10,688 shares at a price of $3.91 per share.
• These shares were withheld by the company to satisfy tax withholding requirements related to the vesting of restricted stock units.
• Following the transaction, Taylor directly owns 278,966 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a common practice for executives to have shares withheld to cover tax obligations when restricted stock units vest.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates