Form 4: Brookdale Senior Living EVP & Treasurer George T. Hicks Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
George T. Hicks, EVP & Treasurer of Brookdale Senior Living Inc., reports withholding of 9,140 common stock shares to cover tax obligations upon vesting of restricted stock units on February 27, 2024.
Summary
- On February 27, 2024, George T. Hicks, the EVP & Treasurer of Brookdale Senior Living Inc., had 9,140 shares of common stock withheld to satisfy tax obligations.
- This withholding occurred due to the vesting of previously granted restricted stock units.
- The price per share for the withholding was $5.91.
- Following the transaction, Hicks directly owns 342,743 shares of Brookdale Senior Living Inc.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates the vesting of previously granted stock units.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of share withholding for tax obligations. |
| 02/28/2024 | Date of signature on the report. |
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