Form 4: Equifax CEO Mark Begor Reports Stock Transfer to GRATs

Equifax CEO Mark Begor reported a transaction involving the transfer of common stock to several Grantor Retained Annuity Trusts (GRATs) on July 23, 2024.

Summary

• On July 23, 2024, Mark W Begor, CEO of Equifax Inc., reported a transaction on SEC Form 4.
• The transaction involved the disposition of 1,853 shares of Equifax common stock.
• These shares were transferred to various Grantor Retained Annuity Trusts (GRATs).
• Following the transaction, Mr. Begor directly owns 109,118 shares of Equifax common stock.
• Mr. Begor also indirectly owns shares through several GRATs: 43,382 shares in a 2-Year 2023 GRAT, 20,025 shares in a 2-year Feb 2024 GRAT, 24,125 shares in a 2-yr Jul 2024 GRAT, 24,225 shares in a 3-yr Jul 2024 GRAT and 12,333 shares in a 4-Year 2021 GRAT.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to a stock transfer for estate planning purposes. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

The use of GRATs is a common estate planning strategy among high-net-worth individuals, including corporate executives, to transfer assets while minimizing gift and estate taxes.

Comparison to Industry Standards

• GRATs are a fairly standard estate planning tool used by executives at companies of all sizes, including those comparable to Equifax such as Experian and TransUnion.
• The specific number of shares transferred and the terms of the GRATs are unique to Mr. Begor's personal financial situation and estate planning goals.

Key Dates