Form 4: Bright Horizons CEO Stephen Kramer Executes Option, Disposes of Shares for Tax Obligations
SEC Form 4
Stephen Kramer, CEO of Bright Horizons, exercised options to purchase common stock and disposed of shares to cover the exercise price and tax obligations.
Summary
- On August 19, 2024, Stephen Kramer, CEO and President of Bright Horizons Family Solutions Inc., exercised options to acquire 17,080 shares of common stock at a price of $94.03 per share.
- Simultaneously, Kramer disposed of 14,400 shares of common stock at a price of $135.07 per share to cover the exercise price of the options and the payment of taxes.
- Following these transactions, Kramer directly owns 125,253 shares of Bright Horizons common stock.
- The exercised option was fully vested and allows Kramer to purchase common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
This is a routine Form 4 filing related to executive stock option exercises and share disposals to cover associated costs, which is a common practice among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine executive stock option exercise and share disposal.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of transaction: Exercise of stock options and disposal of shares. |
| 08/21/2024 | Date of signature on the Form 4 filing. |
| 01/02/2025 | Expiration date of the option. |
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