Form 4: Funko Inc. Executive Tracy D. Daw Reports Stock Transactions
SEC Form 4 Filing
Tracy D. Daw, Chief Legal Officer of Funko, Inc., reports the vesting of restricted stock units and subsequent acquisition of Class A Common Stock.
Summary
- On March 6, 2024, Tracy D. Daw, Chief Legal Officer of Funko, Inc., reported the vesting of 5,273 restricted stock units (RSUs) which converted into Class A Common Stock.
- These RSUs were part of a grant from March 6, 2023, vesting in four equal annual installments.
- On March 8, 2024, Daw also reported the vesting of 4,343 RSUs, converting into Class A Common Stock.
- These RSUs were part of a grant from March 8, 2022, also vesting in four equal annual installments.
- Following these transactions, Daw directly owns 55,978 shares of Class A Common Stock and 8,686 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.
Key Dates
| Date | Description |
|---|---|
| 03/08/2022 | Reporting Person was granted 17,372 RSUs, vesting in four equal annual installments on each of the first through fourth anniversaries of March 8, 2022. |
| 03/06/2023 | Reporting Person was granted 21,094 RSUs, vesting in four equal installments on each of the first through fourth anniversaries of March 6, 2023. |
| 03/06/2024 | 5,273 Restricted Stock Units vested and converted to Class A Common Stock. |
| 03/08/2024 | 4,343 Restricted Stock Units vested and converted to Class A Common Stock. |
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