Form 4: BrightView Holdings Director Mara E. Swan Acquires Shares as Director Compensation

Director Mara E. Swan acquired 1,785 shares of BrightView Holdings, Inc. common stock on June 30, 2024, as part of director compensation.

Summary

• On June 30, 2024, Mara E. Swan, a director of BrightView Holdings, Inc., acquired 1,785 shares of common stock.
• The acquisition was part of director compensation and was issued in lieu of cash.
• The price per share was $13.3.
• Following the transaction, Swan directly owns 93,745 shares of BrightView Holdings, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director acquiring shares as part of compensation is generally a good sign, indicating alignment with shareholder interests. However, it's not a major market-moving event.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.

Industry Context

Director compensation in the form of stock is a common practice to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice among publicly traded companies.
• Companies like Waste Management (WM) and Republic Services (RSG), which are in similar industries, also use stock options and restricted stock units as part of their director compensation packages.
• The amount of stock granted to directors varies based on company size, performance, and industry standards.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates