Form 4: Distribution Solutions Group Director I. Steven Edelson Reports Stock Unit Transaction
SEC Form 4 Filing
Director I. Steven Edelson of Distribution Solutions Group, Inc. reports acquisition of restricted stock units and subsequent holdings.
Summary
- On May 23, 2024, I. Steven Edelson, a director of Distribution Solutions Group, Inc. (DSGR), acquired 3,465 restricted stock units.
- These restricted stock units were acquired at a price of $0.00.
- Following the transaction, Edelson beneficially owns 94,053 shares of common stock.
- The restricted stock units will vest on May 19, 2024, and convert to shares of common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard reporting of stock unit transactions.
Positives
- The acquisition of restricted stock units by a director may signal confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors.
Stakeholder Impact
- Shareholders are informed about changes in the holdings of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/19/2024 | Restricted Stock Units will vest |
| 05/23/2024 | Date of transaction where restricted stock units were acquired |
| 05/28/2024 | Date of signature on the report |
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