Form 4: BrightView Holdings CFO Brett Urban Reports Stock Transactions
SEC Form 4 Filing
BrightView Holdings CFO Brett Urban reported the vesting of restricted stock units and the withholding of shares for tax obligations on November 19, 2024.
Summary
- Brett Urban, the Chief Financial Officer of BrightView Holdings, Inc., reported transactions involving the company's stock on November 19, 2024.
- These transactions include the vesting of 1,457 restricted stock units, which converted into shares of common stock on a one-for-one basis.
- Additionally, 746 shares were withheld to cover tax liabilities related to the vesting of these restricted stock units.
- Following these transactions, Mr. Urban directly owns 78,201 shares of BrightView Holdings common stock.
- The reported transactions also include shares acquired under the company's employee stock purchase plan and unvested shares of restricted stock.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation, which is neither positive nor negative. The sentiment is neutral to slightly positive as it indicates the executive is receiving compensation.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It does not indicate any specific trend in the industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, and the transactions reported are typical for executive compensation packages.
- The vesting of restricted stock units and the subsequent tax withholding are common occurrences in executive compensation plans across various industries.
- The number of shares involved is not unusual for a CFO of a company of BrightView's size.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the vesting of previously granted compensation.
- The transactions do not have a significant impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 11/19/2024 | Date of the reported stock transactions, including vesting of restricted stock units and tax withholding. |
| 11/20/2024 | Date the Form 4 was signed by Jonathan M. Gottsegen, as Attorney-in-Fact. |
Keywords
BrightView Holdings, stock transaction, restricted stock units, Form 4, insider trading, Brett Urban, CFO, vesting, tax withholding
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