Form 4: Discover Financial Services Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Daniel Peter Capozzi, an EVP at Discover Financial Services, sold shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On February 1, 2025, Daniel Peter Capozzi, an Executive Vice President at Discover Financial Services, disposed of 1,983 shares of common stock.
- The shares were sold at a price of $201.09 per share.
- This transaction was to cover the tax withholding obligation incurred from the vesting of previously granted restricted stock units.
- Following the transaction, Capozzi directly owns 102,192 shares of Discover Financial Services common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover taxes), so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of the transaction where shares were disposed of. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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