Form 4: B. Riley Financial Co-CEO Thomas Kelleher Settles Restricted Stock Units
Insider Transaction Report
B. Riley Financial, Inc. Co-CEO Thomas J. Kelleher reported the cash settlement of 14,030 restricted stock units (RSUs) at $3.05 per share, a routine compensation event.
Summary
- Thomas J. Kelleher, Co-CEO of B. Riley Financial, Inc. (RILY), reported a change in beneficial ownership via a Form 4 filing.
- On June 2, 2025, 14,030 restricted stock units (RSUs) granted on May 24, 2022, under the 2021 Stock Incentive Plan, were cash settled.
- Each RSU was settled for $3.05, which was the closing price of the company's common stock on May 30, 2025.
- Following this transaction, Mr. Kelleher directly owns 92,981 shares of Common Stock.
- Indirect beneficial ownership includes 902,288 shares held by the Kelleher Family Trust, 34,118 shares in a self-directed IRA, 5,600 shares held by his wife, and 3,405 shares each held by three daughters, totaling 10,215 shares for the daughters.
Sentiment
Score: 5
Explanation: The document is a routine SEC Form 4 filing detailing an executive's RSU settlement, which is a standard compensation event and does not inherently convey positive or negative sentiment about the company's performance or outlook.
Positives
- The cash settlement of restricted stock units represents a realization of compensation for the Co-CEO, indicating the vesting of previously granted equity awards.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing is a routine insider transaction report, common across all publicly traded companies, reflecting executive compensation and beneficial ownership changes. It does not provide specific insights into broader industry trends or competitive positioning.
Related Party Transactions
- Indirect beneficial ownership of 902,288 shares of Common Stock held by Thomas J. Kelleher and wife as Trustees for the Kelleher Family Trust.
- Indirect beneficial ownership of 5,600 shares of Common Stock held with dispositive power for his wife.
- Indirect beneficial ownership of 3,405 shares of Common Stock held with dispositive power for each of three daughters (totaling 10,215 shares).
Stakeholder Impact
- Shareholders: This is a routine compensation event for an executive and does not directly impact the company's operational or financial performance. It reflects the execution of an existing equity compensation plan.
- Employees: No direct impact on general employees is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 05/24/2022 | Date Restricted Stock Units (RSUs) were granted under the B. Riley Financial, Inc. 2021 Stock Incentive Plan. |
| 05/30/2025 | Closing price per share of common stock ($3.05) used for RSU settlement. |
| 06/02/2025 | Date of cash settlement for 14,030 restricted stock units. |
| 06/04/2025 | Date the Form 4 was signed by Thomas J. Kelleher. |
Keywords
B. Riley Financial, RILY, Form 4, Insider Transaction, Restricted Stock Units, RSU Settlement, Executive Compensation, Beneficial Ownership
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