Form 4: Huron Consulting Group EVP, CFO and Treasurer John D. Kelly Reports Changes in Beneficial Ownership
SEC Form 4 Filing
John D. Kelly, EVP, CFO, and Treasurer of Huron Consulting Group, reports changes in beneficial ownership of company stock due to tax liability satisfaction and restricted stock unit grants.
Summary
- On March 1, 2024, John D. Kelly, EVP, CFO, and Treasurer of Huron Consulting Group, had changes in his beneficial ownership of the company's common stock.
- 13,896 shares were withheld to cover tax liabilities associated with the vesting of restricted shares at a price of $98.13 per share.
- Kelly was granted 3,984 restricted stock units on March 1, 2024, which will vest in three equal installments starting on March 1, 2025.
- Following these transactions, Kelly directly owns 54,941 shares of Huron Consulting Group common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The transactions are routine and reflect standard executive compensation practices. The granting of restricted stock units suggests confidence in the company's future performance.
Positives
- The grant of 3,984 restricted stock units to John D. Kelly indicates continued investment in the company's leadership.
Future Outlook
The restricted stock units will vest in three equal installments beginning on March 1, 2025, suggesting a long-term incentive for the reporting person.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: shares withheld for tax liability and restricted stock units granted. |
| 03/01/2025 | First vesting date for the restricted stock units. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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