Form 4: Bread Financial Holdings CEO Andretta Reports Stock Transaction
SEC Form 4
Ralph J. Andretta, President and CEO of Bread Financial Holdings, reports a transaction involving the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 25, 2024, Ralph J. Andretta, the President and CEO of Bread Financial Holdings, had 8,712 shares of common stock withheld by the company to cover tax obligations.
- The price per share for this transaction was $35.61.
- Following the transaction, Andretta beneficially owns 462,493 shares of Bread Financial Holdings.
- These holdings include unrestricted shares and various unvested restricted stock units granted on different dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Date of grant for 26,737 time-based restricted stock units and performance-based restricted stock units. |
| 03/24/2023 | Date of grant for 58,211 time-based restricted stock units and performance-based restricted stock units. |
| 02/15/2024 | Date of grant for time-based restricted stock units and performance-based restricted stock units. |
| 03/25/2024 | Date of the stock transaction where shares were withheld for tax obligations. |
| 03/27/2024 | Date of signature for the Form 4 filing. |
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