Form 4: Bread Financial Holdings Director John C. Gerspach Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director John C. Gerspach reports the acquisition of 3,473 restricted stock units in Bread Financial Holdings, along with adjustments to existing holdings.
Summary
- On June 17, 2024, John C. Gerspach, a director of Bread Financial Holdings, acquired 3,473 shares of common stock in the form of restricted stock units.
- These restricted stock units will vest on June 17, 2025.
- Gerspach also reported that he beneficially owns a total of 39,004 shares, including unrestricted shares and various grants of unvested restricted stock units from 2020 to 2024.
- Additionally, 6,000 shares are held indirectly through the Gerspach 2020 GST Exempt Trust, for which Gerspach's spouse serves as trustee.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing indicating insider transactions, which can be seen as a positive sign of alignment with shareholder interests, but doesn't provide strong positive or negative signals.
Positives
- The acquisition of restricted stock units by a director signals confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The acquisition of restricted stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 06/22/20 | Grant date of 5,981 unvested restricted stock units. |
| 06/15/21 | Grant date of 2,241 unvested restricted stock units. |
| 09/15/21 | Grant date of 431 unvested restricted stock units. |
| 12/15/21 | Grant date of 474 unvested restricted stock units. |
| 03/15/22 | Grant date of 538 unvested restricted stock units. |
| 06/15/22 | Grant date of 2,650 unvested restricted stock units. |
| 07/15/22 | Grant date of 934 unvested restricted stock units. |
| 10/17/22 | Grant date of 969 unvested restricted stock units. |
| 01/17/23 | Grant date of 912 unvested restricted stock units. |
| 04/17/23 | Grant date of 1,038 unvested restricted stock units. |
| 06/15/23 | Grant date of 4,932 unvested restricted stock units. |
| 07/17/23 | Grant date of 1,186 unvested restricted stock units. |
| 10/16/23 | Grant date of 1,033 unvested restricted stock units. |
| 01/16/24 | Grant date of 1,187 unvested restricted stock units. |
| 04/15/24 | Grant date of 1,025 unvested restricted stock units. |
| 06/17/2024 | Date of transaction: Acquisition of 3,473 restricted stock units. |
| 06/17/2025 | Vesting date for the 3,473 restricted stock units. |
| 06/20/2024 | Date of signature by Attorney in Fact. |
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