Form 4: Capital One Director Ime Archibong Reports Acquisition and Disposal of Common Stock
SEC Form 4
Director Ime Archibong reports changes in beneficial ownership of Capital One Financial Corp shares, including acquisition of restricted stock units and disposal of common stock.
Summary
- On May 2, 2024, Director Ime Archibong acquired 1,658 shares of Capital One Financial Corp common stock.
- These shares were acquired as restricted stock units.
- The restricted stock units vest in their entirety on May 2, 2025, and will settle in shares of the company's common stock upon termination of service as a director.
- The reporting person also disposed of 7,377 shares of common stock.
- Following the reported transactions, Archibong beneficially owns 7,377 shares of Capital One common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, indicating a neutral sentiment.
Future Outlook
The restricted stock units will vest on May 2, 2025, and settle in shares of Capital One's common stock upon termination of service as a director.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies.
Stakeholder Impact
- The change in ownership may be of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of transaction: Acquisition of 1,658 shares and disposal of 7,377 shares. |
| 05/02/2025 | Vesting date for the restricted stock units. |
| 05/06/2024 | Date of signature for the report. |
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