Form 4: Korn Ferry CEO Mark Arian Reports Stock Transactions Following Vesting of Restricted Stock and Settlement of Performance Units
SEC Form 4
Mark Arian, CEO of Consulting at Korn Ferry, reports acquisition and disposal of company stock related to vesting of restricted stock and settlement of performance units.
Summary
- On July 8, 2024, Mark Arian, CEO of Consulting at Korn Ferry, disposed of 7,449 shares of common stock at $66.43 per share to cover tax withholding obligations related to the vesting of 14,563 restricted stock units.
- On July 9, 2024, Arian acquired 10,720 shares upon the settlement of Relative TSR performance units granted on July 9, 2021, under the company's stock incentive plan.
- Also on July 9, 2024, Arian disposed of 5,484 shares at $64.65 per share and 1,000 shares at $64.65 per share to cover tax withholding obligations related to the settlement of the performance units and the vesting of additional restricted stock.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Positives
- The settlement of Relative TSR performance units indicates that the company met certain performance criteria, resulting in Arian acquiring 10,720 shares.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The vesting of restricted stock and settlement of performance units are common compensation practices.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 07/09/2021 | Date of grant for Relative TSR performance units under the Korn Ferry Fourth Amended and Restated 2018 Stock Incentive Plan |
| 07/08/2024 | Date of transaction: Disposal of shares to cover tax withholding obligations related to vesting of restricted stock. |
| 07/09/2024 | Date of transaction: Acquisition of shares upon settlement of Relative TSR performance units and disposal of shares to cover tax withholding obligations. |
| 07/11/2024 | Date of signature on the Form 4 filing. |
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