Form 4: Capital One Executive Kara West Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Kara West, Chief Enterprise Risk Officer at Capital One, reported the disposal of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- Kara West, Chief Enterprise Risk Officer of Capital One Financial Corp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of Capital One common stock on February 15, 2025, to cover tax obligations related to vesting restricted stock units.
- A total of 415, 598, and 593 shares were disposed of at a price of $202.16 per share.
- Following these transactions, West directly owns 16,157 shares of Capital One common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that Kara West, a key executive, disposed of shares to cover tax obligations, which is a common practice.
Comparison to Industry Standards
- Form 4 filings are standard practice across publicly traded companies, including financial institutions like JPMorgan Chase (JPM), Bank of America (BAC), and Citigroup (C).
- Executives at these firms also routinely file similar reports when disposing of shares for tax purposes or other personal financial management reasons.
- The number of shares disposed of and the price per share are specific to the individual's holdings and tax situation, making direct comparisons less meaningful without further context.
Stakeholder Impact
- The stock disposal is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors, as it is a routine transaction for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/03/2022 | Date of restricted stock units grant related to disposal of 415 shares. |
| 01/26/2023 | Date of restricted stock units grant related to disposal of 598 shares. |
| 02/01/2024 | Date of restricted stock units grant related to disposal of 593 shares. |
| 02/15/2025 | Date of stock disposal to cover tax obligations. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Capital One, Stock Disposal, Kara West, COF, Tax Obligations, Restricted Stock Units
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