Form 4: Capital One Executive Reports Stock Transactions Following Performance Share Award Vesting
SEC Form 4 Filing
Robert M. Alexander, Chief Information Officer of Capital One Financial Corp, reports acquisition of shares from a performance share award and subsequent disposal to cover tax obligations.
Summary
- On March 11, 2024, Robert M. Alexander, Chief Information Officer of Capital One Financial Corp, acquired 19,277 shares of common stock related to a performance share award.
- The acquisition price was $0, indicating vesting of the award.
- Concurrently, 8,694 shares were disposed of at a price of $138.46 to cover tax obligations associated with the vesting.
- Following these transactions, Alexander directly owns 83,129 shares of Capital One common stock.
- Alexander also indirectly owns 100 shares through Robert M. Alexander UGMA and an unspecified amount through The Alexander Fund.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. The sentiment is neutral as it reflects standard compensation practices and tax obligations.
Positives
- The vesting of performance shares suggests that Capital One met certain performance targets related to Common Dividends + Growth of Tangible Book Value per Share and Adjusted ROTCE.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities. This filing indicates compensation and tax-related transactions, which are common.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 4, 2021 | Date of original performance share award agreement. |
| November 2, 2023 | Date of amendment to the performance share award agreement. |
| March 11, 2024 | Date of stock acquisition and disposal. |
| March 13, 2024 | Date of Form 4 filing. |
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