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 disposal of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 25, 2024, Joseph L. Motes III, EVP, CAO, Gen Counsel & Secretary of Bread Financial Holdings, Inc., disposed of 1,525 shares of common stock.
- The shares were withheld by the company to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units.
- The transaction price was $35.61 per share.
- Following the transaction, Motes directly owns 111,400 shares.
- This total includes unrestricted shares and unvested restricted stock units from grants made on February 15, 2022, March 24, 2023 and February 15, 2024.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock transactions for tax purposes. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax obligation fulfillment related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Date of grant of 6,685 time-based restricted stock units and performance-based restricted stock units |
| 03/24/2023 | Date of grant of 12,971 time-based restricted stock units and performance-based restricted stock units |
| 02/15/2024 | Date of grant of time-based restricted stock units and performance-based restricted stock units |
| 03/25/2024 | Date of the reported stock transaction (disposal of shares). |
| 03/27/2024 | Date of signature on the Form 4 filing. |
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