Form 4: DigitalBridge Group Director James Keith Brown Acquires Additional Deferred Stock Units
SEC Form 4 Filing
Director James Keith Brown acquired additional deferred stock units in DigitalBridge Group, Inc. due to dividend equivalent rights.
Summary
- On July 15, 2024, James Keith Brown, a director of DigitalBridge Group, Inc., acquired 20 deferred stock units.
- These units were granted pursuant to dividend equivalent rights on previously granted deferred stock.
- The price of the transaction was $13.98.
- Following the transaction, Brown directly owns 26,317 shares of Class A Common Stock.
- The deferred stock units have no expiration date and are payable in Class A Common Stock on a one-for-one basis after separation from service with the Issuer.
- 8 of the deferred stock units are scheduled to vest on April 30, 2025.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through deferred stock units.
Positives
- The acquisition of deferred stock units demonstrates the director's continued investment in the company.
Future Outlook
The deferred stock units are payable in Class A Common Stock on a one-for-one basis after the reporting person's separation from service with the Issuer.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of transaction: James Keith Brown acquired 20 deferred stock units. |
| 07/17/2024 | Date of signature on the Form 4 filing. |
| 04/30/2025 | 8 of the deferred stock units are scheduled to vest. |
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