Form 4: BrightView Holdings Director Cornog Acquires Shares as Director Compensation

Director William L. Cornog acquired 1,597 shares of BrightView Holdings common stock as director compensation in lieu of cash on June 30, 2024.

Summary

• On June 30, 2024, William L. Cornog, a director of BrightView Holdings, Inc., acquired 1,597 shares of common stock.
• The acquisition was part of director compensation and was in lieu of cash.
• The price per share was $13.3.
• Following the transaction, Cornog directly owns 43,449 shares of common stock.
• Cornog also indirectly owns 20,000 shares as trustee of trusts for his children and 10,000 shares as manager of a family limited partnership.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director receiving stock compensation. There's no indication of significant positive or negative news.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock as part of their compensation, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates