Form 4: Bread Financial Holdings Executive Perry Beberman Reports Stock Transaction
SEC Form 4 Filing
Perry Beberman, EVP and CFO of Bread Financial Holdings, reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On July 15, 2024, Perry S Beberman, the EVP and Chief Financial Officer of Bread Financial Holdings, Inc., had 3,673 shares of common stock withheld by the company.
- This was to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units.
- The price per share was $48.72.
- Following the transaction, Beberman beneficially owns 120,154 shares.
- These shares include unrestricted shares and various unvested restricted stock units granted on different dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the EVP and CFO's stock activity related to vested restricted stock units, which is a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Date of grant for 8,826 time-based restricted stock units and performance-based restricted stock units. |
| 03/24/2023 | Date of grant for 16,873 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. |
| 07/15/2024 | Date of the stock transaction where shares were withheld for tax obligations. |
| 07/17/2024 | Date of signature for the Form 4 filing. |
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