Form 4: Advantage Solutions Inc. COO Michael Taylor Reports Stock Transactions
SEC Form 4 Filing
Michael Larry Taylor, COO of Retail Services at Advantage Solutions Inc., reports the vesting of performance restricted stock units and shares withheld for tax obligations.
Summary
- On June 12, 2024, Michael Larry Taylor, COO of Retail 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 61,009 shares at a price of $3.06 to satisfy tax withholding requirements related to the vesting of restricted stock units and PSUs.
- Following these transactions, Taylor directly owns 404,164 shares of Class A Common Stock and 232,559 Performance Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- Shareholders may be interested in executive compensation and ownership changes.
- Employees may be interested in the vesting of stock options and restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 06/12/2023 | Original grant date of Performance Restricted Stock Unit (PSU) award |
| 06/12/2024 | Date of transaction: Vesting of Performance Restricted Stock Units and tax withholding. |
| 06/14/2024 | Date of signature on the Form 4 filing. |
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