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 4,496 shares of common stock on July 1, 2024, to cover tax obligations related to dividend equivalent units.
Summary
- On July 1, 2024, Terry Lynn Schmidt, the CEO of Guild Holdings Co, disposed of 4,496 shares of common stock.
- The transaction was executed at a price of $13.83 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 directly owns 2,803,999 shares of Guild Holdings Co.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing represents a routine transaction to cover tax obligations. It doesn't indicate any strategic shift or concern about the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction appears to be routine, covering tax obligations related to equity compensation.
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 reason for the transaction.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Disposal of 4,496 shares of common stock. |
| 07/02/2024 | Date of signature by Attorney-in-Fact. |
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