Form 4: BrightView Holdings Executive Jonathan Gottsegen Reports Stock Transactions

Jonathan Gottsegen, EVP, CLO & Corporate Secretary of BrightView Holdings, reported the vesting of restricted stock units and related tax withholdings, along with a new grant of restricted stock units.

Summary

• Jonathan Gottsegen, an executive at BrightView Holdings, reported several transactions involving the company's stock.
• On December 1, 2024, 12,463 restricted stock units vested and converted into common stock.
• A total of 6,363 shares were withheld to cover the tax liability associated with the vesting of these units at a price of $17.1 per share.
• Following these transactions, Gottsegen directly owns 109,744 shares of BrightView common stock.
• Additionally, on December 2, 2024, Gottsegen was granted 21,524 new restricted stock units that will vest over four years.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative events. The vesting and grant of stock units are routine and expected.

Positives

• The vesting of restricted stock units indicates that performance milestones were likely met.
• The grant of new restricted stock units suggests continued confidence in the executive's performance and the company's future.

Negatives

• The tax withholding resulted in a reduction of Gottsegen's share holdings, although this is a standard procedure.

Risks

• The value of the restricted stock units and common stock is subject to market fluctuations.
• Future vesting of restricted stock units is contingent on continued employment and may be subject to performance criteria.

Future Outlook

The document does not contain any specific forward-looking statements, but the grant of new restricted stock units suggests continued alignment of executive interests with the company's long-term performance.

Industry Context

This type of filing is common for publicly traded companies and reflects standard executive compensation practices. It is typical for executives to receive stock-based compensation that vests over time.

Comparison to Industry Standards

• Stock-based compensation is a common practice across the industry, with companies like Waste Management, Republic Services, and Rollins also using restricted stock units as part of their executive compensation packages.
• The vesting schedules and terms of these grants are generally in line with industry norms, designed to incentivize long-term performance and retention.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• The vesting of stock units may slightly increase the number of outstanding shares.

Key Dates

Keywords

BrightView Holdings, stock transactions, restricted stock units, insider trading, executive compensation, Form 4, Jonathan Gottsegen