Form 4: Compass Inc. Director Charles E. Phillips Jr. Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Charles E. Phillips Jr. reports the vesting and conversion of Restricted Stock Units (RSUs) into Class A Common Stock of Compass, Inc.
Summary
- On July 3, 2024, Charles E. Phillips Jr., a director of Compass, Inc., reported changes in his beneficial ownership of the company's securities.
- Phillips converted 66,854 RSUs into Class A Common Stock at a price of $0.
- Following the transaction, Phillips directly owns 144,044 shares of Class A Common Stock.
- The RSUs converted were from two separate grants: 58,746 RSUs that vested fully on the earlier of the next annual meeting or June 1, 2024, and 8,108 RSUs that vested in quarterly installments and fully on the date of the next annual meeting.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The conversion of RSUs into common stock may slightly dilute existing shareholders' equity.
Key Dates
| Date | Description |
|---|---|
| 07/03/2024 | Date of transaction: Conversion of RSUs into Class A Common Stock. |
| 07/05/2024 | Date of signature for the Form 4 filing. |
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