Form 4: Advantage Solutions Inc. Executive Bevin Conley Reports Stock Transactions
SEC Form 4 Filing
Bevin Conley, Chief Accounting Officer of Advantage Solutions Inc., reports the vesting of performance-based stock units and shares withheld for tax obligations.
Summary
- On March 15, 2024, Bevin Conley, Chief Accounting Officer of Advantage Solutions Inc., reported transactions involving Class A Common Stock.
- A total of 19,748 Performance Restricted Stock Units (PSUs) vested.
- The company withheld 42,983 shares at a price of $3.91 to cover tax obligations related to the vesting of restricted stock units and PSUs.
- Following these transactions, Conley directly owns 148,287 shares of Class A Common Stock.
- Conley also directly owns 71,397 Performance Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/13/2023 | Original grant date of Performance Restricted Stock Unit (PSU) award |
| 03/15/2024 | Date of stock transactions: PSU vesting and tax withholding |
| 03/19/2024 | Date of signature on the report |
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