Form 4: Cannae Holdings CEO William P. Foley II Reports Changes in Beneficial Ownership
SEC Form 4 Filing
William P. Foley II, Chairman, CEO, and CIO of Cannae Holdings, Inc., reports changes in beneficial ownership due to shares withheld for taxes upon vesting of a restricted stock award.
Summary
- On July 2, 2024, William P. Foley II, Chairman, CEO, and CIO of Cannae Holdings, Inc., reported a change in his beneficial ownership of the company's common stock.
- 157,400 shares were disposed of to cover taxes related to the vesting of a restricted stock award at a price of $18.12 per share.
- Following the transaction, Foley directly owns 3,692,403 shares of Cannae Holdings, Inc.
- Foley also indirectly owns 748,299 shares through Folco Development Corp. and 236,011 shares through the Foley Family Charitable Foundation.
Sentiment
Score: 7
Explanation: The sentiment is neutral. This is a routine transaction related to tax obligations on vested stock awards. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership. It is standard practice for executives to have shares withheld to cover taxes upon the vesting of restricted stock awards.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | Date of transaction: shares withheld for taxes in connection with the vesting of a restricted stock award. |
| 07/03/2024 | Date of signature on the Form 4 filing. |
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