Form 4: AGNC Investment Corp. Executive Chairman Kain Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Gary Kain, Executive Chairman of AGNC Investment Corp., reports disposing of shares to cover tax withholdings upon vesting of restricted stock units.
Summary
- Gary Kain, the Executive Chairman of AGNC Investment Corp., filed a Form 4 detailing changes in beneficial ownership.
- On March 15, 2024, Kain disposed of 58,959 shares of common stock at a price of $9.63 per share to cover tax withholdings related to vesting restricted stock units.
- Following the transaction, Kain directly owns 2,173,302.101 shares of common stock, which includes 13,405 dividend equivalent restricted stock units received since the last Form 4 filing.
- Kain also indirectly owns 517,920 shares of common stock through a family trust and directly owns 10,900 shares of Series D Preferred Stock.
Sentiment
Score: 5
Explanation: The document is a routine filing related to stock transactions for tax purposes, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a standard practice of covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock disposal for tax withholdings. |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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