Form 4: B. Riley Financial Chairman Bryant Riley Reports Share Transactions
SEC Form 4
Bryant R. Riley, Chairman and Co-CEO of B. Riley Financial, Inc., reports the withholding of shares for tax obligations and details beneficial ownership, including shares held in UTMA accounts for his children and through the company's 401(k) plan.
Summary
- On May 31, 2024, Bryant R. Riley, Chairman and Co-CEO of B. Riley Financial, Inc., had shares withheld by the company to cover tax obligations related to the vesting of Restricted Stock Units.
- A total of 11,254 shares were withheld at a price of $24.81 per share.
- Following the transaction, Riley directly owns 6,844,926 shares.
- Riley also has indirect ownership through UTMA accounts for his children (S.R., C.R., A.R., and E.R.), each holding 17,538 shares.
- Additionally, 126,087 shares are held indirectly through the B. Riley Financial, Inc. 401(k) Profit Sharing Plan FBO Bryant Riley.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing detailing share transactions for tax purposes, which is neutral to slightly positive as it reflects compensation and ownership alignment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard tax-related share withholding.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a common practice.
- The transaction impacts the reporting person, Bryant R. Riley, by reducing his directly held shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/31/2021 | Date of Restricted Stock Units grant related to tax withholding. |
| 05/24/2022 | Date of Restricted Stock Units grant related to tax withholding. |
| 05/31/2024 | Date of the reported transaction (share withholding for taxes). |
| 06/04/2024 | Date of signature on the Form 4. |
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