Form 4: Grindr Inc. CEO George Arison Reports Tax Withholding Stock Transaction
SEC Form 4 Filing
Grindr Inc. CEO George Arison reports the withholding of 190,050 shares to cover tax obligations related to vested restricted stock units.
Summary
- On April 17, 2024, Grindr Inc. CEO George Arison reported a transaction involving the withholding of 190,050 shares of Grindr's common stock.
- The shares were withheld by the issuer to satisfy Mr. Arison's tax withholding obligations upon the settlement of restricted stock units (RSUs) that vested on April 14, 2024.
- These RSUs were initially granted on November 18, 2022.
- Following the transaction, Mr. Arison beneficially owns 3,187,666 shares of Grindr Inc.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and tax obligations. It doesn't indicate positive or negative sentiment regarding the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common among publicly traded companies. It doesn't necessarily reflect a change in the company's overall financial health or strategic direction.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it relates to tax obligations of the CEO.
Key Dates
| Date | Description |
|---|---|
| 2022/11/18 | Date of grant for restricted stock units (RSUs). |
| 2024/04/14 | Date the restricted stock units (RSUs) vested. |
| 2024/04/17 | Date of the stock withholding transaction. |
| 2024/04/18 | Date of signature on the Form 4 filing. |
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