Form 4: Discover Financial Services SVP, Controller & CAO Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Shifra Kolsky, SVP, Controller & CAO of Discover Financial Services, disposed of 254 shares of common stock on February 1, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On February 1, 2025, Shifra Kolsky, SVP, Controller & CAO of Discover Financial Services, disposed of 254 shares of common stock.
- The transaction was executed to cover tax withholding obligations associated with the vesting of previously granted restricted stock units.
- The price per share was $201.09.
- Following the transaction, Kolsky directly owns 10,339 shares of Discover Financial Services common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of stock disposal transaction |
| 02/04/2025 | Date of signature on the Form 4 filing |
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