Form 4: CommScope Executive Farid Firouzbakht Reports Acquisition of 79,200 Shares of Common Stock
SEC Form 4 Filing
Farid Firouzbakht, SVP & President of OWN at CommScope Holding Company, reported the acquisition of 79,200 shares of common stock on March 1, 2024, along with adjustments to existing holdings of restricted stock units.
Summary
- On March 1, 2024, Farid Firouzbakht, a Senior Vice President & President, OWN at CommScope Holding Company, acquired 79,200 shares of common stock.
- These shares were acquired at a price of $0.
- Following the transaction, Firouzbakht directly owns 327,802 shares of CommScope Holding Company.
- The reported transaction also involves restricted stock units that vest over time, contingent upon continued employment with the issuer.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard insider trading activity. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and equity compensation, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Grant date of 33,334 restricted stock units vesting ratably on 06/01/2024 and 06/01/2025. |
| 03/01/2023 | Grant date of 50,800 restricted stock units vesting ratably on 06/01/2024, 06/01/2025 and 06/01/2026. |
| 06/01/2023 | Grant date of 57,200 restricted stock units vesting ratably on 06/01/2024, 06/01/2025 and 06/01/2026. |
| 03/01/2024 | Date of transaction: Acquisition of 79,200 shares of common stock and grant of restricted stock units vesting ratably on 06/01/2025, 06/01/2026 and 06/01/2027. |
| 03/05/2024 | Date of Form 4 filing. |
| 06/01/2024 | Vesting date for previously granted restricted stock units. |
| 06/01/2025 | Vesting date for previously granted and newly granted restricted stock units. |
| 06/01/2026 | Vesting date for previously granted and newly granted restricted stock units. |
| 06/01/2027 | Vesting date for newly granted restricted stock units. |
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