Form 4: LegalZoom's Chief Legal Officer, Nicole Miller, Reports Stock Transaction
SEC Form 4 Filing
Nicole Miller, Chief Legal Officer of LegalZoom.com, Inc., reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On August 15, 2024, Nicole Miller, the Chief Legal Officer of LegalZoom.com, Inc. (LZ), had shares of common stock withheld by the issuer to cover tax obligations related to the vesting of restricted stock units (RSUs).
- A total of 14,446 shares were withheld at a price of $5.66 per share.
- Following the transaction, Miller directly owns 515,592 shares of LegalZoom common stock, which includes 470,100 RSUs payable in an equivalent number of shares.
Sentiment
Score: 5
Explanation: This is a neutral reporting of a routine transaction related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of RSUs and the subsequent withholding of shares to cover tax obligations, a common practice.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for handling tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the stock transaction (share withholding for tax obligations). |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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