Form 4: CoStar Group Executive Frank Simuro Reports Stock Transactions
SEC Form 4
Frank Simuro, Chief Technology Officer of CoStar Group, reports the forfeiture and acquisition of company stock and options.
Summary
- On February 13, 2025, Frank Simuro forfeited 6,452 shares of common stock related to a performance restricted stock grant from February 16, 2022.
- Also on February 13, 2025, 7,476 shares were disposed of at a price of $73.27.
- On February 20, 2025, Simuro acquired 130,640 shares of restricted common stock.
- This acquisition includes 63,200 shares vesting in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028.
- It also includes 67,440 shares vesting based on CoStar Group's achievement of a three-year performance goal.
- Additionally, on February 20, 2025, Simuro acquired an option to purchase 33,000 shares of common stock at an exercise price of $78.33, vesting in three equal installments on March 1, 2026, March 1, 2027, and March 1, 2028.
- Following these transactions, Simuro beneficially owns 501,731 shares of common stock and options for 33,000 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Negatives
- Frank Simuro forfeited 6,452 shares of common stock due to the performance goals not being met for a previous grant.
Future Outlook
The document outlines future vesting dates for restricted stock and stock options, indicating potential future increases in Simuro's holdings based on time and company performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like CoStar Group. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transactions reported may influence investor perception of CoStar Group's stock, though the impact is likely to be minimal given the nature of the filing.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Date of the performance restricted stock grant from which shares were forfeited. |
| 02/13/2025 | Date of stock forfeiture and disposal. |
| 02/20/2025 | Date of restricted stock and option grant. |
| 02/24/2025 | Date of signature on the Form 4 filing. |
| 03/01/2026 | First vesting date for a portion of the restricted stock and options. |
| 03/01/2027 | Second vesting date for a portion of the restricted stock and options. |
| 03/01/2028 | Third vesting date for a portion of the restricted stock and options. |
| 02/19/2035 | Expiration date of the options. |
Keywords
CoStar Group, Simuro, Stock Options, Restricted Stock, Beneficial Ownership, Form 4, CSGP
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