Form 4: Consumer Portfolio Services Executive Vice President Chris Terry Exercises Stock Options and Disposes of Shares for Tax Obligations

Executive Vice President Chris Terry of Consumer Portfolio Services, Inc. exercised stock options and disposed of shares to cover exercise price and tax liabilities on May 15, 2024.

Summary

• On May 15, 2024, Chris Terry, Executive Vice President of Consumer Portfolio Services, Inc. (CPSS), exercised stock options to acquire 60,000 shares of common stock at a price of $4.35 per share.
• Terry then disposed of 34,322 shares to cover the exercise price and associated tax liability.
• The shares were disposed of at a price of $8.24 per share, which was the closing stock price on May 15, 2024.
• Following these transactions, Terry beneficially owns 213,656 shares of Consumer Portfolio Services, Inc.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive compensation packages. It provides transparency into the actions of company executives regarding their holdings in the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include stock options to align management's interests with those of shareholders.
• The 'net exercise' of stock options, where shares are withheld to cover the exercise price and tax obligations, is a common practice.
• Companies like Ally Financial, Capital One, and Discover Financial Services also utilize stock options as part of their executive compensation plans.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine insider transaction.
• The transaction reflects the executive's compensation and ownership stake in the company.

Key Dates