Form 4: BBSI Executive VP Anthony Harris Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4
Executive VP and CFO of Barrett Business Services Inc., Anthony J Harris, reports acquisition and disposal of common stock and restricted stock units on July 1, 2024, following vesting.
Summary
- On July 1, 2024, Anthony J Harris, Executive VP & CFO of Barrett Business Services Inc. (BBSI), reported transactions involving common stock and restricted stock units.
- These transactions include the acquisition of shares through the vesting of restricted stock units and the disposal of shares to cover tax obligations.
- The reported transactions reflect adjustments for a four-for-one stock split effective June 21, 2024.
- Harris directly owns 69,103 shares of common stock after the reported transactions.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- Employees holding similar stock options or restricted stock units may be interested in the details of these transactions.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Effective date of the four-for-one forward stock split. |
| 07/01/2021 | Beginning of vesting for some restricted stock units in four annual installments. |
| 07/01/2022 | Beginning of vesting for some restricted stock units in four annual installments. |
| 07/01/2023 | Beginning of vesting for some restricted stock units in four annual installments. |
| 07/01/2024 | Date of transactions involving common stock and restricted stock units; Beginning of vesting for some restricted stock units in four annual installments; Vesting date for some restricted stock units in one installment. |
| 07/01/2025 | Beginning of vesting for some restricted stock units in four annual installments. |
| 07/01/2029 | Vesting date for some restricted stock units in one installment. |
| 07/03/2024 | Date of signature on the Form 4. |
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