Form 4: Brightcove CEO Marc DeBevoise Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Brightcove's CEO, Marc DeBevoise, disposed of shares to cover tax obligations related to the settlement of restricted stock units on March 28, 2024.
Summary
- On March 28, 2024, Marc DeBevoise, the CEO of Brightcove Inc. (BCOV), reported a transaction involving the disposal of common stock.
- The transaction involved the withholding of 51,050 shares by the issuer to cover taxes associated with the settlement of restricted stock units.
- Following the transaction, DeBevoise directly owns 1,071,818 shares of Brightcove common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Shares withheld by Issuer to cover taxes associated with settlement of restricted stock units. |
Keywords
Brightcove, BCOV, Marc DeBevoise, CEO, Form 4, Share Disposal, Tax Obligations, Restricted Stock Units, Beneficial Ownership, Securities
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