Form 4: B. Riley Financial Executive Andrew Moore Reports Stock Disposal

Andrew Moore, CEO of B. Riley Securities, reports the disposal of 23,044 shares of common stock due to the cash settlement of restricted stock units.

Summary

• On March 14, 2025, Andrew Moore, CEO of B. Riley Securities, disposed of 23,044 shares of B. Riley Financial, Inc. common stock.
• The disposal was a result of the cash settlement of restricted stock units (RSUs) granted under the company's 2021 Stock Incentive Plan.
• Each RSU was settled for $4.16, which was the closing price per share of B. Riley Financial's common stock on March 13, 2025.
• Following the transaction, Moore directly owns 331,769 shares of B. Riley Financial, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the disposal of shares by a key executive due to RSU settlement, which is a common form of executive compensation.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time.
• The settlement of RSUs in cash or shares is a standard practice.
• The specific terms of RSU grants (vesting schedule, settlement method) vary from company to company.
• Comparing B. Riley Financial's executive compensation practices to those of similar-sized financial services firms would provide a more detailed benchmark.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects the execution of a pre-existing compensation plan.
• The transaction impacts Andrew Moore's holdings in the company.

Key Dates