Form 4: Cannae Holdings Executive Vice President Sells Shares to Cover Tax Obligations

Michael L. Gravelle, an Executive Vice President at Cannae Holdings, Inc., sold 1,786 shares of common stock to cover tax obligations.

Summary

• Michael L. Gravelle, an Executive Vice President at Cannae Holdings, Inc., sold 1,786 shares of common stock on November 12, 2024.
• The sale was executed at a price of $21.26 per share.
• This transaction was conducted to cover tax obligations related to the vesting of restricted stock units.
• Following the transaction, Mr. Gravelle directly owns 153,735 shares of Cannae Holdings common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine transaction for executives to cover tax obligations related to stock awards. It is common for executives to sell shares after vesting.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• These transactions are typically disclosed through SEC Form 4 filings, which is standard procedure.
• The volume of shares sold is relatively small compared to the total holdings, which is typical for tax-related sales.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive for tax purposes.

Key Dates

Keywords

Cannae Holdings, CNNE, insider trading, stock sale, executive, Michael L. Gravelle, Form 4, tax obligations