Form 4: Affirm CFO Michael Linford Reports Stock Transactions
SEC Form 4 Filing
Michael Linford, CFO of Affirm Holdings, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 1, 2024, Michael Linford, the CFO of Affirm Holdings, had 2,336 restricted stock units (RSUs) vest, each representing a contingent right to receive one share of Affirm's Class A Common Stock.
- Following the vesting, 672 shares of Class A Common Stock were withheld at a price of $38.01 to satisfy the reporting person's tax obligations.
- After these transactions, Linford directly owns 108,588 shares of Class A Common Stock and 70,068 Restricted Stock Units.
- The RSUs vest in 48 equal monthly installments beginning October 1, 2022, subject to continuous service with the Issuer.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, neither particularly positive nor negative.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 10/01/2022 | RSUs vest in 48 equal monthly installments beginning October 1, 2022. |
| 03/01/2024 | Date of transaction: vesting of 2,336 Restricted Stock Units and tax withholding. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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