Form 4: BrightView Holdings CEO Dale Asplund Reports Stock Transactions

BrightView Holdings' CEO, Dale Asplund, reported the vesting of restricted stock units and subsequent tax withholding on October 1, 2024.

Summary

• On October 1, 2024, Dale Asplund, the President and CEO of BrightView Holdings, Inc., reported transactions involving the company's common stock and restricted stock units.
• 229,455 restricted stock units vested and converted into shares of common stock on a one-for-one basis.
• 90,291 shares were withheld to cover the tax liability associated with the vesting of these restricted stock units at a price of $15.58 per share.
• Following these transactions, Asplund directly owns 806,984 shares of common stock and 688,365 restricted stock units.
• The restricted stock units vest in four equal annual installments starting on October 1, 2024, and can be settled in common stock or cash, or a combination of both.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment about the company's performance.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but it does detail the vesting schedule for Asplund's remaining restricted stock units.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in the number of shares held by a key executive.

Key Dates