Form 4: Capital One Executive Celia Karam Reports Stock Transactions

Celia Karam, President of Retail Bank at Capital One, reports acquisition of shares through performance awards and disposition of shares for tax obligations.

Summary

• On March 10, 2025, Celia Karam, President of Retail Bank at Capital One Financial Corp, reported transactions involving Capital One common stock.
• Karam acquired 6,328 shares of common stock at $0, earned from a performance share award granted on February 3, 2022, and amended on November 2, 2023.
• These shares were earned based on the company's Common Dividends + Growth of Tangible Book Value per Share and Adjusted ROTCE against a peer group over a three-year period.
• Additionally, 2,854 shares were disposed of at $163.87 to cover tax obligations related to the performance share settlement.
• Following these transactions, Karam beneficially owns 53,545 shares of Capital One common stock, which includes shares acquired through the company's Associate Stock Purchase Plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations. The acquisition of shares based on performance is mildly positive, but the tax-related disposition balances it out.

Positives

• The acquisition of shares indicates that performance targets were met, reflecting positively on the company's performance over the three-year period.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be informative for investors.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in financial analysis to gauge management's sentiment and confidence in the company's prospects.
• Comparing the performance metrics used in the performance share award (Common Dividends + Growth of Tangible Book Value per Share and Adjusted ROTCE) against those of peer companies can provide insights into Capital One's relative performance.
• Companies like American Express, Bank of America, and JPMorgan Chase are often considered peers of Capital One in the financial services industry.

Stakeholder Impact

• Shareholders may view the acquisition of shares positively as it indicates that performance targets were met.
• The transactions themselves have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates