Form 4: B. Riley Financial CFO Phillip J. Ahn Reports Tax-Related Share Disposal
SEC Form 4 Filing
Phillip J. Ahn, CFO of B. Riley Financial, disposed of 4,086 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 31, 2024, Phillip J. Ahn, CFO and Chief Operating Officer of B. Riley Financial, Inc., disposed of 4,086 shares of common stock.
- The shares were withheld by the company to cover tax obligations associated with the vesting of restricted stock units granted on May 31, 2021, and May 24, 2022.
- The transaction price was $24.81 per share.
- Following the transaction, Ahn directly owns 314,526 shares of B. Riley Financial, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, so it has a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 05/31/2021 | Date of grant of Restricted Stock Units related to the tax obligation. |
| 05/24/2022 | Date of grant of Restricted Stock Units related to the tax obligation. |
| 05/31/2024 | Date of transaction (share disposal for tax obligations). |
| 06/04/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.