Form 4: Grand Canyon Education Executive Lori Browning Reports Stock Transaction
SEC Form 4 Filing
Lori Browning, Chief Accounting Officer of Grand Canyon Education, reports the withholding of 1,116 shares of common stock to cover tax liabilities related to vesting restricted stock on March 1, 2024.
Summary
- On March 1, 2024, Lori Browning, the Chief Accounting Officer of Grand Canyon Education, Inc. (LOPE), had 1,116 shares of common stock withheld to cover tax liabilities.
- The shares were withheld at a price of $134.71 per share.
- Following the transaction, Browning directly owns 14,478 shares of Grand Canyon Education common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction related to executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (withholding of shares for tax liability). |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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