Form 4: Broadridge Executive Chairman Richard Daly Reports Stock Disposal for Tax Obligations

Richard Daly, Executive Chairman of Broadridge Financial Solutions, disposed of 438 shares of common stock on April 1, 2024, to cover tax obligations.

Summary

• On April 1, 2024, Richard J Daly, Executive Chairman of Broadridge Financial Solutions, reported a transaction involving the disposal of 438 shares of common stock.
• The transaction was executed to cover tax obligations, with the shares being disposed of at a price of $203.23 per share.
• Following the transaction, Daly directly owns 111,282.9949 shares of Broadridge Financial Solutions.
• Daly also indirectly owns 2,700 shares through a 2020 Grandchild Trust, 15,000 shares through The EED 2012 Trust, and 15,000 shares through The KLD 2012 Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common.

Stakeholder Impact

• The disposal of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the small number of shares involved.

Key Dates