Form 4: Barrett Business Services CEO Gary Kramer Reports Stock Transactions
SEC Form 4
Gary Kramer, President & CEO of Barrett Business Services Inc., reports acquisition and disposal of common stock and restricted stock units on July 1, 2024.
Summary
- On July 1, 2024, Gary Kramer, the President & CEO of Barrett Business Services Inc. (BBSI), reported transactions involving the company's common stock and restricted stock units.
- Kramer acquired shares through the vesting of restricted stock units, with prices at $0.00.
- He also disposed of shares to cover tax obligations at a price of $32.63.
- Following these transactions, Kramer directly owns 277,636 shares of BBSI common stock.
- He also owns 45,908 restricted stock units that vest in four annual installments beginning July 1, 2025, and 2,177 restricted stock units that vest in one installment on July 1, 2029.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it primarily reports transactions related to stock options and tax obligations, which are routine.
Positives
- The vesting of restricted stock units indicates a continued alignment of the CEO's interests with the company's long-term performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency regarding insider transactions, allowing investors to stay informed about the actions of company executives and their potential impact on the stock.
Stakeholder Impact
- Shareholders are informed about the CEO's stock transactions, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 07/01/2021 | Start date for vesting of some Restricted Stock Units in four annual installments. |
| 07/01/2022 | Start date for vesting of some Restricted Stock Units in four annual installments. |
| 07/01/2023 | Start date for vesting of some Restricted Stock Units in four annual installments. |
| 06/21/2024 | Effective date of a four-for-one forward split of the Issuer's common stock. |
| 07/01/2024 | Date of the reported transactions, including vesting of restricted stock units and disposal of shares for tax obligations. |
| 07/01/2025 | Start date for vesting of 45,908 Restricted Stock Units in four annual installments. |
| 07/01/2029 | Vesting date for 2,177 Restricted Stock Units in one installment. |
| 07/03/2024 | Date of signature for the Form 4 filing. |
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