Form 4: BRP Group Officer James Roche Reports Tax-Related Stock Disposal
SEC Form 4 Filing
James Roche, a BRP Group officer, reports the disposal of 539 Class A Common Stock shares to cover income tax withholding obligations.
Summary
- On March 15, 2024, James Roche, President, BRP and CEO, Underwriting, Capacity and Technology Operations of BRP Group, Inc., disposed of 539 shares of Class A Common Stock.
- The disposal was to satisfy income tax withholding obligations related to the vesting of restricted Class A common stock previously reported on January 26, 2024.
- The shares were disposed of at a price of $29.44.
- Following the transaction, Roche beneficially owns 236,265 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company officers to dispose of shares to cover taxes upon vesting of restricted stock units.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares disposed of by an officer to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/26/2024 | Date of Form 3 filing reporting restricted Class A common stock vesting. |
| 03/15/2024 | Date of stock disposal to cover income tax withholding obligations. |
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