Form 4: Advantage Solutions Inc. Director James M. Kilts Reports Acquisition of Restricted Stock Units

Director James M. Kilts reports acquiring 49,715 restricted stock units of Advantage Solutions Inc.

Summary

• On May 29, 2024, James M. Kilts, a director of Advantage Solutions Inc., acquired 49,715 shares of Class A Common Stock in the form of restricted stock units (RSUs).
• The RSUs were awarded at a price of $0.00.
• These RSUs represent a contingent right to receive Class A Common Stock upon vesting, scheduled for the earlier of the one-year anniversary of the grant date or the day before the first annual meeting of stockholders after the grant date.
• Following this transaction, Kilts directly owns 830,637 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard disclosure of stock units granted to a director. It doesn't inherently indicate positive or negative performance.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs are scheduled to vest on the earlier of the one-year anniversary of the date of grant or the day immediately preceding the date of the first annual meeting of the Issuer's stockholders occurring after the grant date.

Industry Context

This filing is a routine disclosure of a transaction by a company insider, which is common in the corporate world. It provides transparency to investors regarding the holdings and transactions of key personnel.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates