Form 4: Consumer Portfolio Services Exec. VP Chris Terry Exercises Stock Options, Sells Shares for Tax Obligations
SEC Form 4 Filing
Executive Vice President Chris Terry of Consumer Portfolio Services, Inc. exercised stock options and sold a portion of the acquired shares to cover the exercise price and tax liability.
Summary
- On May 8, 2025, Chris Terry, Executive Vice President of Consumer Portfolio Services, Inc. (CPSS), exercised stock options to purchase 60,000 shares of common stock at a price of $3.48 per share.
- Terry then executed a 'net exercise' of these options, receiving 33,343 shares and forfeiting 26,657 shares to cover the exercise price and associated tax liability.
- The forfeited shares were valued at $9.88 each, based on the closing stock price on May 8, 2025.
- Following these transactions, Terry directly owns 236,999 shares of Consumer Portfolio Services, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports an insider transaction. It doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are standard practice and provide transparency into insider transactions, allowing investors to track executive compensation and potential alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of existing stock options and a small sale of shares to cover costs.
Key Dates
| Date | Description |
|---|---|
| 05/09/2019 | First date stock options became exercisable in increments. |
| 05/09/2020 | Second date stock options became exercisable in increments. |
| 05/09/2021 | Third date stock options became exercisable in increments. |
| 05/09/2022 | Fourth date stock options became exercisable in increments. |
| 05/08/2025 | Date of stock option exercise and share sale. |
| 05/12/2025 | Date of Form 4 filing. |
Keywords
stock options, Form 4, CPSS, Consumer Portfolio Services, Chris Terry, executive compensation, insider trading, equity
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.