Form 4: Citigroup Director James S. Turley Reports Stock Acquisitions
SEC Form 4 Filing
Director James S. Turley reports acquisition of Citigroup common stock through dividend reinvestment and vesting of deferred shares.
Summary
- On April 1, 2024, James S. Turley, a director of Citigroup, acquired common stock through reinvestment of cash, including dividends, under the Compensation Plan for Non-Employee Directors.
- He acquired 272.7996 shares at a price of $61.884 per share.
- Additionally, he acquired 25.0304 shares at the same price through the same plan.
- 5,943.0025 shares of deferred common stock vested in 1Q24 and were transferred to the Reporting Person's deferred compensation account.
- Following these transactions, Turley beneficially owns 32,125.4917 shares indirectly and 4,484.6397 shares directly.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports transactions related to director compensation and dividend reinvestment, which are standard practices.
Positives
- The director's continued investment in Citigroup stock may signal confidence in the company's future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers. These filings are closely watched by investors as they can provide insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Comparing Turley's transactions to similar filings by directors at other large financial institutions like JPMorgan Chase or Bank of America would provide context on whether these acquisitions are typical or represent a significant change in ownership.
- Benchmarking the vesting of deferred shares against industry standards for executive compensation plans would offer insights into Citigroup's compensation practices.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to director compensation and dividend reinvestment.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of common stock acquisition through dividend reinvestment. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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