4/A: Hercules Capital CFO Corrects Stock Ownership Reporting After Tax Withholding Error

Seth H. Meyer, CFO of Hercules Capital, files an amended Form 4 to correct an administrative error in reporting the number of shares withheld for taxes and the resulting securities ownership.

Summary

• Seth H. Meyer, the Chief Financial Officer of Hercules Capital, Inc., filed an amended Form 4 with the SEC.
• The amendment corrects an error in the original filing regarding the number of shares withheld to cover taxes related to the vesting of restricted stock on January 11, 2024.
• This correction also impacts the reported amount of securities beneficially owned by Meyer.
• The corrected filing indicates that 19,083 shares were withheld to cover taxes, resulting in Meyer beneficially owning 358,322 shares of common stock.
• The original form was filed on January 16, 2024.

Sentiment

Score: 7

Explanation: The document is a routine correction of a regulatory filing. It doesn't indicate any positive or negative developments for the company, but accuracy in reporting is important.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't necessarily reflect broader industry trends but is specific to Hercules Capital and its executive compensation practices.

Stakeholder Impact

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

Key Dates