Form 4: Brookdale Senior Living Executive Benjamin Ricci Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Division Vice President Benjamin J. Ricci of Brookdale Senior Living Inc. reported disposing of 283 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On August 20, 2024, Benjamin J. Ricci, a Division Vice President at Brookdale Senior Living Inc., disposed of 283 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock units.
- The shares were disposed of at a price of $6.63 per share.
- Following the transaction, Ricci directly owns 149,799 shares of Brookdale Senior Living Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock disposal for tax purposes. 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. This transaction is related to tax obligations, which is a common reason for share disposals.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of the transaction where 283 shares of common stock were disposed of to cover tax obligations. |
| 08/21/2024 | Date of signature for the report. |
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