DBRG.NYSEDigitalbridge Group, INC

Form 4: DigitalBridge Group CLO Geoffrey Goldschein Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Geoffrey Goldschein, CLO and Secretary of DigitalBridge Group, reports acquisition and disposal of Class A Common Stock due to tax withholding and restricted stock grants.

Summary

  • On March 15, 2024, Geoffrey Goldschein, CLO and Secretary of DigitalBridge Group, Inc., reported changes in beneficial ownership of the company's Class A Common Stock.
  • 9,983 shares were withheld by the issuer to cover withholding taxes related to the vesting of previously granted shares at a price of $18.53.
  • Goldschein also acquired 27,691 shares of restricted Class A Common Stock, which will vest annually in three equal installments starting March 15, 2025.
  • Following these transactions, Goldschein beneficially owns 73,808 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to compensation and tax obligations.

Positives

  • The grant of 27,691 restricted shares indicates continued investment in the company's leadership.

Future Outlook

The restricted stock vests annually in three equal installments on March 15, 2025, March 15, 2026 and March 15, 2027.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they relate to executive compensation and tax obligations.

Key Dates

DateDescription
03/15/2024Date of transaction: Tax withholding and grant of restricted stock.
03/15/2025First vesting date for the granted restricted stock.
03/15/2026Second vesting date for the granted restricted stock.
03/15/2027Third vesting date for the granted restricted stock.
03/19/2024Date of Form 4 filing.

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