Form 4: Angi Inc. COO Bailey Carson Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Chief Operating Officer of Angi Inc., Bailey Carson, reports acquisition and disposal of Class A Common Stock related to the vesting of restricted stock units on March 1, 2025.
Summary
- Bailey Carson, the Chief Operating Officer of Angi Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 1, 2025, Carson acquired 50,000 shares of Class A Common Stock upon the vesting of restricted stock units.
- Simultaneously, 15,050 shares were withheld to cover tax obligations at a price of $1.68 per share.
- Additionally, 9,133 shares were acquired upon vesting of other restricted stock units.
- 2,750 shares were withheld to cover tax obligations related to these units at a price of $1.68 per share.
- Following these transactions, Carson directly owns 131,667 shares of Class A Common Stock and 150,000 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The vesting of restricted stock units suggests that Carson has met certain performance or service requirements, aligning his interests with the company's success.
Future Outlook
The document does not contain any specific forward-looking statements.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of RSUs is a common form of executive compensation.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive incentives with long-term shareholder value.
- Tax withholding practices related to RSU vesting are standard across publicly traded companies.
- Companies like IAC and Match Group, which are related to Angi Inc., also utilize RSU grants as part of their executive compensation plans.
Stakeholder Impact
- The transactions have a minor impact on shareholders, reflecting changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Grant date anniversary for restricted stock units vesting in four equal installments. |
| 03/01/2025 | Date of transactions: vesting of restricted stock units and tax withholding. |
| 03/01/2028 | Expiration date for some of the restricted stock units. |
| 03/03/2025 | Date of Form 4 filing. |
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