Form 4: CompoSecure CEO Jonathan Wilk Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
CompoSecure's CEO, Jonathan Wilk, reported the withholding of shares to cover tax obligations following the vesting of restricted stock units (RSUs) on January 1, 2025.
Summary
- Jonathan Wilk, CEO of CompoSecure, Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
- The transactions occurred on January 1, 2025, and involved the withholding of shares to cover tax obligations related to the vesting of restricted stock units (RSUs).
- A total of 142,712 shares were withheld at a price of $15.33 per share related to RSUs granted on March 16, 2022.
- Additionally, 88,365 shares were withheld at $15.33 per share related to RSUs granted on March 9, 2023.
- Finally, 119,292 shares were withheld at $15.33 per share related to RSUs granted on March 15, 2024.
- These withholdings were for tax purposes and did not represent a sale of shares by Mr. Wilk.
- Following these transactions, Mr. Wilk directly owns 3,502,959 shares, 3,414,594 shares and 3,295,302 shares respectively.
- Mr. Wilk also has indirect ownership of 688,201 shares through CompoSecure Employee LLC.
- The report also details unvested time-vesting and performance-vesting RSUs that will vest in the future.
Sentiment
Score: 7
Explanation: The document is a routine filing related to executive compensation and does not indicate any positive or negative sentiment. It is a neutral event.
Future Outlook
The document outlines future vesting dates for remaining unvested time-vesting RSUs on January 1, 2026 and January 1, 2027, subject to continued service.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and compensation.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The vesting of RSUs and subsequent tax withholding is a common form of executive compensation.
- The reporting of both direct and indirect ownership is also standard practice.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stock ownership.
- The vesting of RSUs is part of the CEO's compensation package, which is of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/16/2022 | Grant date of 1,123,451 RSUs, some of which vested on January 1, 2025. |
| 03/09/2023 | Grant date of 523,903 RSUs, some of which vested on January 1, 2025. |
| 03/15/2024 | Grant date of 707,258 RSUs, some of which vested on January 1, 2025. |
| 01/01/2025 | Date of RSU vesting and related tax withholding transactions. |
| 01/03/2025 | Date of filing of the Form 4. |
| 01/01/2026 | Future vesting date for remaining 2022 and 2023 unvested time-vesting RSUs. |
| 01/01/2027 | Future vesting date for remaining 2024 unvested time-vesting RSUs. |
Keywords
CompoSecure, Jonathan Wilk, Form 4, RSU, Restricted Stock Units, Beneficial Ownership, Stock Transaction, Tax Withholding, SEC Filing
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