Form 4: BrightView Holdings Director Francisco Lopez Jr. Reports Stock Transactions

Director Francisco Lopez Jr. reports the vesting and conversion of restricted stock units into common stock, along with a new grant of restricted stock units.

Summary

• On March 4, 2024, Francisco Lopez Jr., a director of BrightView Holdings, Inc., had 17,111 restricted stock units vest and convert into common stock.
• Following this transaction, Lopez directly owns 55,112 shares of common stock.
• On March 6, 2024, Lopez was granted 13,812 time-based restricted stock units as director compensation.
• These new restricted stock units will vest 100% on the earlier of the day before the next annual meeting or a change of control of the Issuer.
• Each restricted stock unit represents a contingent right to receive one share of BrightView Holdings common stock, settled in either common stock or cash.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine stock transactions by a company director. There is no indication of positive or negative news.

Future Outlook

The newly granted restricted stock units will vest 100% on the earlier of the business day immediately preceding the Issuer's next annual meeting of stockholders or a change of control of the Issuer.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the holdings and transactions of key personnel.

Key Dates