Form 4: Director Timothy Theriault Increases Stake in Bread Financial
Statement of Changes in Beneficial Ownership
Director Timothy J. Theriault acquired 1,638 restricted stock units of Bread Financial Holdings, Inc. as part of an equity grant.
Summary
- Director Timothy J. Theriault was granted 1,638 restricted stock units (RSUs) of Bread Financial Holdings, Inc. (BFH) common stock.
- The grant occurred on June 15, 2026.
- Following this transaction, the director's total beneficial ownership increased to 27,384 shares.
- The new RSU grant is scheduled to vest on June 15, 2027.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine regulatory disclosure regarding director compensation.
Positives
- The director is increasing their equity stake in the company, which typically signals confidence in the firm's long-term prospects.
Negatives
- None identified.
Risks
- None identified.
Future Outlook
The filing does not provide forward-looking financial guidance, as it is a standard disclosure of director equity compensation.
Industry Context
StockSavvy.ai notes that director equity grants are standard corporate governance practices designed to align the interests of board members with those of shareholders.
Comparison to Industry Standards
- The grant of restricted stock units to directors is a common practice among publicly traded financial services companies to ensure long-term retention and alignment.
- The structure of the grant is consistent with standard executive and director compensation packages in the U.S. financial sector.
Stakeholder Impact
- Shareholders may view the director's increased equity stake as a positive sign of commitment to the company's future.
Next Steps
- Vesting of the 1,638 restricted stock units on June 15, 2027.
Key Dates
| Date | Description |
|---|---|
| 2016-10-17 | Grant date of 519 unvested restricted stock units. |
| 2017-06-26 | Grant date of 655 unvested restricted stock units. |
| 2018-06-25 | Grant date of 761 unvested restricted stock units. |
| 2019-06-24 | Grant date of 1,114 unvested restricted stock units. |
| 2020-06-22 | Grant date of 3,432 unvested restricted stock units. |
| 2021-06-15 | Grant date of 1,408 unvested restricted stock units. |
| 2022-06-15 | Grant date of 2,650 unvested restricted stock units. |
| 2023-06-15 | Grant date of 4,932 unvested restricted stock units. |
| 2026-06-15 | Transaction date of the new 1,638 RSU grant. |
| 2026-06-17 | Filing date of the Form 4. |
| 2027-06-15 | Vesting date for the new 1,638 RSU grant. |
Keywords
Bread Financial, BFH, Insider Trading, Form 4, Equity Grant, Director Ownership
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