Form 4: Capital One CEO Richard Fairbank Reports Stock Transactions
SEC Filing
Richard Fairbank, Chairman and CEO of Capital One Financial Corp, reports the vesting and settlement of restricted stock units in a recent SEC filing.
Summary
- Richard Fairbank, the Chairman and CEO of Capital One Financial Corp, filed a Form 4 with the SEC on February 19, 2025.
- The filing details transactions that occurred on February 15, 2025, involving restricted stock units.
- Specifically, 19,791 restricted stock units from a 2022 grant related to the 2021 performance year vested and were settled in cash.
- Additionally, 16,404 restricted stock units from a 2022 grant related to the 2022 performance year vested and were settled in cash.
- The settlement was based on Capital One's average fair market value of shares over the fifteen trading days preceding the vesting date.
- Fairbank disposed of 19,791 and 16,404 common stock shares at a price of $201.77.
- Following these transactions, Fairbank directly owns 3,961,168 shares of Capital One common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report of executive compensation.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Comparison to Industry Standards
- Equity compensation is a standard practice among publicly traded companies, including financial institutions like Capital One.
- Companies like JP Morgan Chase, Bank of America, and Citigroup also utilize restricted stock units as part of their executive compensation packages.
- The vesting schedules and terms of these grants vary based on company performance and individual agreements.
Stakeholder Impact
- The transactions have a minor impact on shareholders, reflecting the CEO's ongoing equity stake in the company.
- The vesting of restricted stock units is part of the executive compensation plan, impacting the CEO's personal finances.
Key Dates
| Date | Description |
|---|---|
| 2022-02-03 | Date of grant for the restricted stock units related to performance years 2021 and 2022. |
| 2025-02-15 | Date of transaction: Vesting and settlement of restricted stock units in cash. |
| 2025-02-19 | Date of filing the Form 4 with the SEC. |
Keywords
Form 4, Richard Fairbank, Capital One, Stock Options, Restricted Stock Units, COF, SEC Filing, Vesting
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