Form 4: Bread Financial Holdings Executive Valerie Greer Reports Stock Transaction
SEC Form 4 Filing
EVP and Chief Commercial Officer of Bread Financial Holdings, Valerie Greer, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 25, 2024, Valerie Greer, EVP and Chief Commercial Officer of Bread Financial Holdings, reported a transaction involving common stock.
- 2,366 shares were disposed of at a price of $35.61 to satisfy tax withholding obligations upon the vesting of restricted stock units.
- Following the transaction, Greer beneficially owns 136,974 shares of Bread Financial Holdings.
- These holdings include unrestricted shares, unvested time-based restricted stock units, and unvested performance-based restricted stock units from grants in 2022, 2023 and 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing and does not convey any particular sentiment. It simply reports a transaction.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into executive stock transactions.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine sale of shares by an executive to cover tax obligations.
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 16,873 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 transaction: disposition of 2,366 shares to cover tax obligations. |
| 03/27/2024 | Date of signature on the Form 4 filing. |
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