Form 4: BrightView Holdings Executive Exercises Options and Sells Shares

Jonathan Mark Gottsegen, EVP, CLO & Corporate Secretary of BrightView Holdings, Inc., executed stock options and sold shares, resulting in changes to his beneficial ownership.

Summary

• Jonathan Mark Gottsegen, an executive at BrightView Holdings, Inc., engaged in multiple transactions involving the company's stock.
• On November 15, 2024, Gottsegen exercised stock options to acquire 29,658 shares at prices ranging from $13.49 to $15.04 per share.
• He then sold 29,658 shares at a weighted average price of $16.06 per share.
• Additionally, Gottsegen received restricted stock units that converted into shares on November 17 and 18, 2024.
• Shares were also withheld to cover tax liabilities related to the vesting of restricted stock units.
• These transactions resulted in a net change in Gottsegen's holdings of BrightView common stock.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions by an executive, which is neither positive nor negative for the company's overall performance.

Industry Context

This is a routine filing related to executive compensation and stock transactions, which is common in publicly traded companies.

Comparison to Industry Standards

• Executive stock option exercises and sales are a standard part of compensation packages in publicly listed companies.
• The vesting schedules for restricted stock units are typical, often occurring over several years.
• Tax withholding on vesting shares is a common practice to cover tax liabilities.

Stakeholder Impact

• The transactions may have a minor impact on the overall share supply, but are not expected to significantly affect shareholders.
• The executive's actions are part of their compensation package and do not indicate any change in the company's operations or outlook.

Key Dates

Keywords

stock options, insider trading, restricted stock units, share sale, beneficial ownership, BrightView Holdings, executive compensation