4/A: H&R Block VP Corrects Stock Vesting Report in Amended SEC Filing

Kellie J. Logerwell, VP & Chief Accounting Officer of H&R Block, files an amended Form 4 to correct the number of shares vested from performance share units.

Summary

• Kellie J. Logerwell, VP & Chief Accounting Officer of H&R Block, filed an amended Form 4 with the SEC on September 4, 2024.
• The amendment corrects a previous filing from August 16, 2024, which incorrectly reported the number of shares vested from performance share units (PSUs).
• The original filing inadvertently reported only the incremental shares above the target level, while the amended filing reflects the total number of shares awarded under the PSUs.
• The corrected filing shows that 15,036 shares of common stock vested on August 14, 2024, at a price of $0.00, bringing Logerwell's total holdings to 42,909.346 shares.
• The vesting was contingent upon the Compensation Committee's determination that performance criteria were met and Logerwell's continued service through August 31, 2024.

Sentiment

Score: 7

Explanation: The document is a routine correction of a regulatory filing. While the initial error is a minor negative, the prompt correction is a positive. Overall, the sentiment is neutral to slightly positive.

Negatives

• The initial incorrect filing could have caused confusion regarding the executive's holdings.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. Amendments are sometimes necessary to correct errors in the original filings.

Stakeholder Impact

• The correction ensures accurate information is available to shareholders regarding executive compensation and ownership.

Key Dates