Form 4: Capital One Executive Matthew Cooper Reports Stock Award and Tax Withholding

Matthew Cooper, General Counsel & Corporate Secretary of Capital One Financial Corp, reports acquisition of shares through a performance award and subsequent disposal for tax obligations.

Summary

• On March 11, 2024, Matthew Cooper, General Counsel & Corporate Secretary of Capital One Financial Corp, reported transactions involving Capital One common stock.
• Cooper acquired 14,517 shares of common stock at $0, earned through a performance share award agreement.
• 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 of companies over a three-year performance period.
• Concurrently, 6,548 shares were disposed of at $138.46 to satisfy tax obligations related to the settlement of the performance shares.
• Following these transactions, Cooper directly owns 66,729 shares of Capital One common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares through a performance award suggests that the company met its performance targets. The disposal of shares for tax obligations is a routine event.

Positives

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

Future Outlook

There is no future outlook provided in this document.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates the compensation structure for Capital One executives and their alignment with company performance.

Comparison to Industry Standards

• Performance-based equity compensation is a common practice among financial institutions to incentivize executives and align their interests with shareholders.
• The specific metrics used (Common Dividends + Growth of Tangible Book Value per Share and Adjusted ROTCE) are typical measures of financial performance in the banking sector.
• Comparable companies like JPMorgan Chase (JPM) and Bank of America (BAC) also utilize similar performance-based compensation plans.

Stakeholder Impact

• The stock award reflects positively on the company's performance, which can be viewed favorably by shareholders.
• The tax withholding has no direct impact on stakeholders.

Key Dates