Form 4: Finance of America Companies Inc. Director Norma Corio Reports Transaction
SEC Form 4 Filing
Director Norma Corio reports a transaction involving Finance of America Companies Inc. Class A Common Stock and Restricted Stock Units.
Summary
- On May 13, 2025, Norma Corio, a director of Finance of America Companies Inc., reported a transaction.
- The transaction involved the vesting of 10,000 Restricted Stock Units (RSUs) which converted into 10,000 shares of Class A Common Stock.
- Following the reported transaction, Corio beneficially owns 26,580 shares of Class A Common Stock.
- The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.
- The number of RSUs and shares of Class A common stock have been adjusted to reflect the Issuer's 1-for-10 reverse stock split of its Common Stock, effective as of 5:00 p.m. Eastern Time on July 25, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a transaction by a company director, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in beneficial ownership of a director.
Key Dates
| Date | Description |
|---|---|
| July 25, 2024 | Effective date of the Issuer's 1-for-10 reverse stock split of its Common Stock at 5:00 p.m. Eastern Time |
| May 13, 2025 | Date of transaction: vesting of 10,000 Restricted Stock Units and conversion to Class A Common Stock |
| May 15, 2025 | Date of signature for the report |
Keywords
Form 4, Beneficial Ownership, Finance of America Companies Inc., Norma Corio, Restricted Stock Units, Class A Common Stock, FOA, Director
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