Form 4: BBX Capital CFO Brett Sheppard Reports Share Surrender for Tax Obligations

BBX Capital's CFO, Brett Sheppard, surrendered shares to cover tax obligations related to vesting restricted stock awards.

Summary

• On October 1, 2024, Brett Sheppard, the Chief Financial Officer of BBX Capital, Inc., surrendered 13,572 shares of Class A Common Stock to satisfy tax withholding obligations related to the vesting of restricted stock awards.
• The shares were surrendered at a price of $8.04 per share, which was the closing price of BBX Capital's Class A Common Stock on September 30, 2024.
• Following the transaction, Sheppard beneficially owns 77,884 shares of BBX Capital's Class A and Class B Common Stock.
• Class B Common Stock is convertible to Class A Common Stock on a 1:1 basis at any time at the holder's discretion.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (share surrender for tax obligations) and doesn't indicate any significant 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 transaction is a standard procedure for covering tax obligations related to stock awards.

Stakeholder Impact

• The transaction has a minor dilutive effect on existing shareholders due to the cancellation of the surrendered shares.

Key Dates