Form 4: Angi Inc. CFO Andrew Russakoff Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Angi Inc.'s CFO, Andrew Russakoff, reported the acquisition and disposal of Class A Common Stock related to the vesting of restricted stock units.
Summary
- On June 9, 2024, Andrew Russakoff, CFO of Angi Inc., reported transactions involving Angi Class A Common Stock.
- These transactions were related to the vesting of restricted stock units (RSUs).
- Russakoff acquired 196,078 shares of Class A Common Stock upon the vesting of RSUs.
- 70,687 shares were withheld to cover tax obligations at a price of $2.09 per share.
- Following these transactions, Russakoff directly owns 314,732 shares of Class A Common Stock.
- Russakoff also directly owns 196,079 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions themselves have a minimal direct impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 06/09/2022 | Grant date of the restricted stock units, vesting in equal installments over three years. |
| 06/09/2023 | First vesting anniversary of the restricted stock units. |
| 06/09/2024 | Date of transaction: vesting of restricted stock units and withholding of shares for taxes. |
| 06/09/2025 | Final vesting anniversary of the restricted stock units. |
| 06/12/2024 | Date of signature for the Form 4 filing. |
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