Form 4: BBSI Executive VP & CFO Anthony Harris Increases Common Stock Holdings Through RSU Vesting
Insider Transaction Report
Anthony J. Harris, Executive VP & CFO of BARRETT BUSINESS SERVICES INC, reported an increase in his beneficial ownership of common stock following the vesting of Restricted Stock Units and subsequent tax-related dispositions.
Summary
- Anthony J. Harris, Executive VP & CFO of BARRETT BUSINESS SERVICES INC (BBSI), reported transactions on July 1, 2025, involving the company's common stock.
- Acquired a total of 15,889 shares of common stock through the vesting of Restricted Stock Units (RSUs) at an acquisition price of $0.00 per share.
- Disposed of 6,254 shares of common stock at a price of $42.65 per share, primarily to cover tax liabilities associated with the RSU vesting.
- Following these transactions, Harris's direct beneficial ownership of BBSI common stock increased to 90,138 shares.
- Holds 32,680 unvested Restricted Stock Units, which are scheduled to vest in various installments through July 1, 2030.
Sentiment
Score: 7
Explanation: The filing indicates a net increase in the Executive VP & CFO's direct beneficial ownership of common stock through the vesting of Restricted Stock Units, despite a portion being sold for tax purposes. This reflects a routine compensation event and an overall increase in insider holdings, which is generally viewed positively.
Positives
- Significant acquisition of 15,889 shares of common stock through the vesting of Restricted Stock Units, increasing direct beneficial ownership.
- Total beneficial ownership of common stock increased to 90,138 shares after the reported transactions, indicating a continued alignment of management interests with shareholders.
Negatives
- Disposition of 6,254 shares of common stock at $42.65 per share, likely to cover tax obligations related to the RSU vesting, which reduced the net increase in shares.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The increase in insider ownership through RSU vesting can be viewed positively as it further aligns the interests of management with those of the shareholders. The disposition of shares for tax purposes is a common and expected event in executive compensation.
Next Steps
- Future vesting of the remaining 32,680 Restricted Stock Units on various dates through July 1, 2030.
Key Dates
| Date | Description |
|---|---|
| 07/01/2022 | Start of four annual installments for the vesting of 4,088 Restricted Stock Units. |
| 07/01/2023 | Start of four annual installments for the vesting of 4,348 Restricted Stock Units. |
| 07/01/2024 | Start of four annual installments for the vesting of 4,128 Restricted Stock Units. |
| 07/01/2025 | Transaction date for all reported acquisitions and dispositions; vesting date for 352 Restricted Stock Units; and start of four annual installments for 2,973 Restricted Stock Units. |
| 07/01/2026 | Start of four annual installments for the vesting of 9,566 Restricted Stock Units. |
| 07/01/2030 | Vesting date for 1,589 Restricted Stock Units. |
Keywords
BARRETT BUSINESS SERVICES INC, BBSI, Anthony J. Harris, SEC Form 4, insider transaction, beneficial ownership, restricted stock units, RSU vesting, common stock, executive compensation
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