Form 4: Advantage Solutions Inc. Executive Andrea Young Reports Stock Transactions
SEC Form 4 Filing
Andrea Young, COO of Experiential 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, Andrea Young, COO of Experiential Services at Advantage Solutions Inc., reported transactions involving Class A Common Stock.
- 8,291 shares were acquired through the vesting of Performance Restricted Stock Units (PSUs) granted on June 1, 2022.
- 9,600 shares were withheld by the company to cover tax obligations related to the vesting of restricted stock units and PSUs at a price of $3.24 per share.
- Following these transactions, Young directly owns 341,120 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership.
- The company is impacted by the share dilution resulting from the vesting of stock units.
Key Dates
| Date | Description |
|---|---|
| 06/01/2022 | Original grant date of Performance Restricted Stock Unit (PSU) award |
| 06/06/2024 | Date of stock transactions: vesting of PSUs and tax withholding |
| 06/10/2024 | Date of signature for the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.