Form 4: Finance of America Companies Inc. Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Graham Fleming, Chief Executive Officer of Finance of America Companies Inc., reports transactions involving Class A Common Stock and LLC Units related to RSU settlements.
Summary
- On March 8, 2024, Graham Fleming, the CEO of Finance of America Companies Inc., reported changes in beneficial ownership.
- These changes involve transactions in Class A Common Stock and LLC Units of Finance of America Equity Capital LLC.
- The transactions are related to the settlement of Restricted Stock Units (RSUs) and the LTIP Award Settlement Agreement.
- Fleming converted 902 FOA Units into Class A Common Stock and delivered these shares to the Issuer to settle RSUs.
- Fleming directly owns 650,270 shares of Class A Common Stock and indirectly owns 20,000 shares via a trust.
- Following the reported transactions, Fleming indirectly owns 1,230,393 LLC Units of Finance of America Equity Capital LLC through a corporation.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 2020-10-12 | Date of the LTIP Award Settlement Agreement. |
| 2021-04-01 | Date of the exchange agreement for FOA Units. |
| 2024-03-08 | Date of the reported transactions (conversion of FOA Units and delivery of shares). |
| 2024-03-12 | Date of signature for the Form 4 filing. |
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