Form 4: Evolent Health General Counsel Jonathan Weinberg Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4


Jonathan Weinberg, General Counsel of Evolent Health, reports acquisition and disposal of Class A Common Stock due to vesting of restricted stock units and tax withholding.

Summary

  • On March 1, 2024, Jonathan Weinberg, General Counsel of Evolent Health, acquired 21,822 shares of Class A Common Stock upon vesting of restricted stock units.
  • These securities vest at a rate of 34% on March 1, 2025, and 33% on March 1, 2026, and March 1, 2027.
  • Also on March 1 and 2, 2024, Mr. Weinberg disposed of 7,460 and 4,830 shares of Class A Common Stock, respectively, at a price of $34.41, to satisfy tax withholding obligations.
  • Following these transactions, Mr. Weinberg beneficially owns 167,027 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and does not indicate any significant positive or negative sentiment.

Future Outlook

The restricted stock units vest over a three-year period, starting March 1, 2025.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

DateDescription
03/01/2024Acquisition of 21,822 shares of Class A Common Stock and disposal of 7,460 shares for tax withholding.
03/02/2024Disposal of 4,830 shares of Class A Common Stock for tax withholding.
03/01/202534% of restricted stock units vest.
03/01/202633% of restricted stock units vest.
03/01/202733% of restricted stock units vest.
03/05/2024Date of signature for the Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.