Form 4: Guild Holdings CEO Terry Lynn Schmidt Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Terry Lynn Schmidt, CEO of Guild Holdings Co, disposed of 28,069 shares of common stock on October 22, 2024, to cover tax obligations related to dividend equivalent units.
Summary
- On October 22, 2024, Terry Lynn Schmidt, the CEO of Guild Holdings Co, disposed of 28,069 shares of common stock.
- The transaction was executed at a price of $14.92 per share.
- This disposal was to cover tax obligations related to dividend equivalent units (DEUs) paid on outstanding Restricted Stock Units (RSUs).
- Following the transaction, Schmidt still beneficially owns 2,775,930 shares of Guild Holdings Co.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the context of tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/22/2024 | Date of the transaction where Terry Lynn Schmidt disposed of shares. |
| 10/23/2024 | Date of signature by Attorney-in-Fact for Terry Lynn Schmidt. |
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