Form 4: Consumer Portfolio Services Exec VP Exercises Options, Immediately Disposes of Shares
SEC Form 4 Filing
Teri Robinson, Executive Vice President of Consumer Portfolio Services, exercised stock options and disposed of shares to cover the exercise price and tax liability.
Summary
- On May 17, 2024, Teri Robinson, Executive Vice President of Consumer Portfolio Services, exercised stock options to purchase 60,000 shares of common stock at a price of $4.35 per share.
- Robinson then disposed of 33,119 shares to cover the exercise price and tax liability, using a closing stock price of $8.60 per share.
- Following these transactions, Robinson directly owns 26,881 shares and indirectly owns 456,302 shares through the Teri Lee Robinson Living Trust.
- The stock options became exercisable in four equal installments between May 17, 2018, and May 17, 2021.
Sentiment
Score: 5
Explanation: This is a routine transaction; sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 05/17/2018 | First vesting date of the stock options. |
| 05/17/2019 | Second vesting date of the stock options. |
| 05/17/2020 | Third vesting date of the stock options. |
| 05/17/2021 | Fourth vesting date of the stock options. |
| 05/17/2024 | Date of the stock option exercise and share disposal. |
| 05/21/2024 | Date of the Form 4 filing. |
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.