Form 4: BRC Inc. Executive Andrew J. McCormick Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Andrew J. McCormick, General Counsel & Corp. Secretary of BRC Inc., reports a transaction involving the withholding of shares to cover tax obligations.
Summary
- On April 21, 2025, Andrew J. McCormick, General Counsel & Corp. Secretary of BRC Inc., had 1,877 shares of Class A Common Stock withheld by the issuer to satisfy tax obligations related to the vesting of restricted stock units.
- The price per share was $2.13.
- Following the transaction, McCormick directly owns 421,701 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
This is a standard SEC Form 4 filing, which is required when a company insider has a transaction in the company's stock. It provides transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 04/21/2025 | Date of transaction: Shares withheld for tax obligations. |
| 04/23/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, BRC Inc., Beneficial Ownership, Andrew J. McCormick, Insider Trading, SEC Filing, BRCC, Tax Withholding, Restricted Stock Units
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