Form 4: CCC Intelligent Solutions Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Michael John Silva, an executive at CCC Intelligent Solutions Holdings, exercised stock options and disposed of shares to cover tax obligations.
Summary
- On October 21, 2024, Michael John Silva, Executive Vice President, Chief Commercial & Customer Success Officer at CCC Intelligent Solutions Holdings Inc., exercised 29,076 Restricted Stock Units (RSUs) at a price of $11.33.
- Following the exercise, Silva disposed of 10,482 shares of common stock at $11.33 to satisfy tax obligations.
- After these transactions, Silva directly owns 48,766 shares of CCC Intelligent Solutions Holdings Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| October 19, 2022 | Two-Thirds (66.66%) of the RSUs vest upon the first anniversary of this date. |
| October 19, 2022 | The remainder of the RSUs vest on the second anniversary of this date. |
| 10/21/2024 | Date of transaction: exercise of Restricted Stock Units and disposal of shares. |
| 10/22/2024 | Date of signature on the Form 4 filing. |
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