Form 4: HealthEquity EVP Slim Aissi Reports Stock Award and Disposition
SEC Form 4 Filing
HealthEquity's EVP and Chief Security Officer, Slim Aissi, reports the acquisition and disposition of common stock related to restricted stock units.
Summary
- On March 27, 2024, Slim Aissi, EVP and Chief Security Officer of HealthEquity, Inc., reported a transaction involving the company's common stock.
- Aissi acquired 37,632 shares of common stock at $0, likely related to the vesting of restricted stock units.
- Simultaneously, Aissi disposed of 37,632 shares.
- Following these transactions, Aissi beneficially owns 37,632 shares of HealthEquity common stock.
- The restricted stock units vest as to 25% of the initial award on April 1, 2025, and then 6.25% on the first day of each calendar quarter for the twelve calendar quarters following April 1, 2025.
- Aissi has also granted a Limited Power of Attorney to certain individuals, including company officers and legal counsel, to handle Section 16 reporting obligations related to securities transactions.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction affects the reported beneficial ownership of HealthEquity stock by a key executive.
Key Dates
| Date | Description |
|---|---|
| 2024-01-28 | Date of Limited Power of Attorney execution. |
| 2024-03-27 | Date of stock acquisition and disposition. |
| 2024-03-28 | Date of signature on the Form 4 filing. |
| 2025-04-01 | First vesting date for 25% of the restricted stock units. |
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