Form 4: B. Riley Financial EVP Alan Forman Reports Tax-Related Stock Disposal
SEC Form 4
Alan Forman, EVP, General Counsel, and Secretary of B. Riley Financial, Inc., reports disposing of 988 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On May 31, 2024, Alan N. Forman, EVP, General Counsel, and Secretary of B. Riley Financial, Inc., disposed of 988 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of restricted stock units granted on May 31, 2021, and May 24, 2022.
- The shares were withheld by the company and remitted on behalf of Forman for payment of taxes.
- The price per share was $24.81.
- Following the transaction, Forman directly owns 153,317 shares of B. Riley Financial, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This specific filing relates to the standard practice of covering tax obligations upon the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 05/31/2021 | Date of grant of Restricted Stock Units related to the transaction. |
| 05/24/2022 | Date of grant of Restricted Stock Units related to the transaction. |
| 05/31/2024 | Date of the transaction (stock disposal for tax obligations). |
| 06/04/2024 | Date of signature on the Form 4. |
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