Form 4: ICC Holdings Director Howard J. Beck Reports Stock Transactions
SEC Form 4
Howard J. Beck, Chief Underwriting Officer at ICC Holdings, Inc., reports multiple transactions involving common stock and restricted stock units on April 1, 2024.
Summary
- On April 1, 2024, Howard J. Beck, Chief Underwriting Officer of ICC Holdings, Inc., engaged in several transactions involving the company's common stock and restricted stock units (RSUs).
- These transactions included the vesting of RSUs and the subsequent disposition of shares to cover tax obligations.
- Specifically, 834, 400, and 433 RSUs vested, and corresponding shares were acquired.
- Simultaneously, 288, 138, and 149 shares were disposed of to satisfy tax withholding requirements at a price of $16 per share.
- Following these transactions, Beck directly owns 6,933 shares of common stock.
- Beck also indirectly owns shares through various accounts, including 16,000 shares in a 401(k), 9,900 in an IRA, and shares held by ESOP and his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive; it doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by Section 16(a) of the Securities Exchange Act of 1934, ensuring transparency in insider trading activities.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company insider.
Key Dates
| Date | Description |
|---|---|
| 2017-03-01 | Date of Limited Power of Attorney execution. |
| 2024-04-01 | Date of earliest transaction: vesting of Restricted Stock Units and disposition of shares for tax obligations. |
| 2024-04-02 | Date of signature for the Form 4 filing. |
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