4/A: Host Hotels & Resorts CEO Corrects Stock Withholding Error in Amended SEC Filing
SEC Filing (Form 4 Amendment)
James F. Risoleo, President and CEO of Host Hotels & Resorts, files an amended Form 4 to correct an overstatement in the number of shares withheld upon vesting of equity awards.
Summary
- James F. Risoleo, the President and CEO of Host Hotels & Resorts, filed an amended Form 4 with the SEC on March 22, 2024.
- This amendment corrects an error in the original Form 4 filed on February 12, 2024.
- The original filing overstated the number of shares of common stock withheld upon the vesting of equity awards.
- On February 8, 2024, 26,751 shares were disposed of at a price of $19.55.
- Following the reported transaction, Risoleo beneficially owns 1,905,990 shares of common stock directly.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing. While it indicates a prior error, the amendment itself is a positive step towards accuracy and transparency. The sentiment is neutral to slightly positive.
Management Comments
- The reporting person's original Form 4 overstated the number of shares of common stock that were withheld upon vesting of equity awards.
Industry Context
This filing is a routine disclosure related to executive stock ownership and is specific to Host Hotels & Resorts. It doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The correction of the filing ensures accurate information for shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/08/2024 | Date of transaction involving the disposal of 26,751 shares. |
| 02/12/2024 | Date of original Form 4 filing which contained an error. |
| 03/22/2024 | Date of amended Form 4 filing to correct the stock withholding error. |
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