Form 4: Capital One Executive Kevin S. Borgmann Reports Share Acquisition and Tax Withholding

Kevin S. Borgmann, a Senior Advisor to the CEO at Capital One Financial Corp, reported the acquisition of shares through a performance share award and subsequent withholding for tax obligations.

Summary

• On March 11, 2024, Kevin S. Borgmann, Senior Advisor to the CEO of Capital One Financial Corp, reported transactions involving Capital One common stock.
• Borgmann acquired 15,277 shares of common stock related to a performance share award granted on February 4, 2021, and amended on November 2, 2023.
• These shares were earned based on the company's performance against a peer group over a three-year period, considering Common Dividends + Growth of Tangible Book Value per Share and Adjusted ROTCE.
• Simultaneously, 7,654 shares were withheld by Capital One to cover Borgmann's tax obligations at a price of $138.46 per share.
• Following these transactions, Borgmann directly owns 78,884 shares of Capital One common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares based on performance metrics suggests the company is meeting its goals. The tax withholding is a normal part of equity compensation.

Positives

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

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company executives and their confidence in the company's performance.

Stakeholder Impact

• The share acquisition could positively influence shareholder sentiment, as it reflects positively on the company's performance.

Key Dates