Form 4: Assertio Holdings SVP, General Counsel Reports Stock Transactions
SEC Form 4
Sam Schlessinger, SVP and General Counsel of Assertio Holdings, reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On February 7, 2025, Sam Schlessinger, SVP and General Counsel of Assertio Holdings, Inc., reported transactions involving Assertio Holdings common stock.
- 20,834 restricted stock units vested and were settled for common stock.
- 9,303 shares were withheld for payment of taxes upon the vesting of the restricted stock units at a price of $0.8.
- Following these transactions, Schlessinger directly owns 144,395 shares of Assertio Holdings common stock and 41,666 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Future Outlook
One-third of the remaining restricted stock units are scheduled to vest on each of February 7, 2026 and 2027, assuming continued employment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Date of earliest transaction: vesting of restricted stock units and tax withholding. |
| 02/07/2025 | One-third of the restricted stock units are scheduled to vest. |
| 02/07/2026 | One-third of the restricted stock units are scheduled to vest. |
| 02/07/2027 | One-third of the restricted stock units are scheduled to vest and expiration date of the restricted stock units. |
| 02/11/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Vesting, ASRT, Assertio Holdings, Sam Schlessinger, Stock Transactions
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