Form 4: Bread Financial Holdings Executive Reports Stock Transaction
SEC Form 4 Filing
Joseph L. Motes III, an executive at Bread Financial Holdings, reports the withholding of 557 shares to cover taxes related to retirement eligibility.
Summary
- On January 8, 2025, Joseph L. Motes III, EVP, CAO, Gen Counsel & Secretary of Bread Financial Holdings, Inc., had 557 shares of common stock withheld to cover taxes.
- This transaction occurred because of the early vesting of restricted stock units due to the reporting person becoming retirement eligible.
- The price per share for the transaction was $62.87.
- Following the transaction, Motes directly owns 110,843 shares of Bread Financial Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock transaction related to executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Date of grant of 6,685 time-based restricted stock units and 10,027 performance-based restricted stock units. |
| 03/24/2023 | Date of grant of 12,971 time-based restricted stock units and 19,457 performance-based restricted stock units. |
| 02/15/2024 | Date of grant of 14,949 time-based restricted stock units and 22,423 performance-based restricted stock units. |
| 01/08/2025 | Date of stock transaction where 557 shares were withheld for taxes. |
| 01/10/2025 | Date of signature on the Form 4 filing. |
| 02/18/2025 | Vesting date of 4,751 restricted stock units. |
| 02/17/2026 | Vesting date of 4,751 restricted stock units. |
| 02/16/2027 | Vesting date of 4,890 restricted stock units. |
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