Form 4: Affiliated Managers Group Director, Jeffery Reuben III, Reports Stock Unit Vesting
SEC Form 4 Filing
Director Jeffery Reuben III reported the vesting of stock units at Affiliated Managers Group, Inc. on March 5, 2024.
Summary
- On March 5, 2024, Jeffery Reuben III, a director of Affiliated Managers Group, Inc. (AMG), reported the vesting of 563 stock units.
- These stock units converted into 563 shares of common stock.
- Following the transaction, Reuben directly owns 33,194 shares of common stock and 4,143 stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock unit vesting, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the vesting of stock units, which is a common form of executive compensation.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of transaction: vesting of stock units and conversion to common stock |
| 03/07/2024 | Date of signature on the Form 4 filing |
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