Form 4: First Foundation Inc. CEO Scott Kavanaugh Reports Stock Transactions
SEC Form 4 Filing
Scott Kavanaugh, CEO of First Foundation Inc., reports the acquisition and disposal of common stock and restricted stock units on February 29, 2024.
Summary
- On February 29, 2024, Scott F. Kavanaugh, the CEO of First Foundation Inc., reported transactions involving the company's stock.
- Kavanaugh acquired 11,462 shares of common stock at a price of $7.93.
- He also disposed of 2,805 shares of common stock at the same price of $7.93.
- These transactions resulted in Kavanaugh directly owning 117,283 shares of common stock and indirectly owning 1,291,529 shares through a family trust.
- The transactions also involved the vesting of 11,462 Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of key personnel.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 02/28/2023 | Vesting date for Restricted Stock Units |
| 02/29/2024 | Date of stock transactions and RSU vesting |
| 02/28/2024 | Vesting date for Restricted Stock Units |
| 02/28/2025 | Vesting date for Restricted Stock Units |
| 03/04/2024 | Date of signature for the report |
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