Form 4: B. Riley Financial Chairman Bryant Riley Reports Tax-Related Share Withholding
SEC Form 4 Filing
Bryant R. Riley, Chairman and Co-CEO of B. Riley Financial, Inc., reported the withholding of 5,679 shares for tax obligations related to vested restricted stock units.
Summary
- On March 15, 2024, Bryant R. Riley, Chairman and Co-CEO of B. Riley Financial, Inc., had 5,679 shares of common stock withheld by the company to cover tax obligations.
- This transaction was related to the vesting of shares from Restricted Stock Units granted on February 24, 2023.
- Following the transaction, Riley directly owns 6,856,180 shares.
- Riley also has indirect ownership through UTMA accounts for his children and through the B. Riley Financial, Inc. 401(k) Profit Sharing Plan FBO Bryant Riley.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction (tax withholding). It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and major shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/24/2023 | Date of grant for Restricted Stock Units related to the share withholding. |
| 03/15/2024 | Date of the transaction (share withholding for tax obligations). |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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