Form 4: Liquidity Services Inc. Executive Vice President Jorge Celaya Reports Changes in Beneficial Ownership
SEC Form 4
EVP & Chief Financial Officer of Liquidity Services, Jorge Celaya, reports changes in beneficial ownership of company stock and derivative securities.
Summary
- On January 17, 2025, Jorge Celaya, EVP & Chief Financial Officer of Liquidity Services Inc., reported changes in beneficial ownership.
- Celaya acquired 1,806 shares of common stock through the vesting of restricted stock units.
- The issuer withheld 1,682 shares to satisfy federal and state withholding requirements.
- Following the transaction, Celaya directly owns 44,775 shares of common stock.
- Celaya also holds various restricted stock unit grants and stock option grants with different vesting schedules and exercise prices.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Positives
- The vesting of restricted stock units indicates a form of compensation and alignment of interests with the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of key executives.
Comparison to Industry Standards
- Executive compensation packages including stock options and restricted stock units are standard practice among publicly traded companies, including competitors of Liquidity Services Inc.
- Vesting schedules and exercise prices are generally determined based on company performance and industry benchmarks to incentivize executives and align their interests with shareholders.
- Companies like Ritchie Bros. Auctioneers and Copart, which operate in similar industries, also utilize equity-based compensation for their executives.
Stakeholder Impact
- Shareholders can monitor executive compensation and alignment of interests through these filings.
- Employees may be impacted by the company's performance, which affects the vesting of stock options and restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 01/01/2023 | Vesting start date for some restricted stock units and stock options. |
| 01/01/2024 | Vesting start date for some restricted stock units and stock options. |
| 01/01/2025 | Vesting start date for some restricted stock units and stock options; options became fully exercisable. |
| 01/17/2025 | Date of transaction: vesting of restricted stock units and reporting of changes in beneficial ownership. |
| 01/01/2026 | Vesting start date for some restricted stock units and stock options. |
| 01/01/2027 | Vesting start date for some restricted stock units. |
| 01/01/2028 | Vesting start date for some restricted stock units. |
| 01/01/2029 | Vesting start date for some restricted stock units. |
| 12/03/2029 | Expiration date for some stock options. |
| 12/01/2030 | Expiration date for some stock options. |
| 12/07/2031 | Expiration date for some stock options. |
| 12/23/2032 | Expiration date for some stock options. |
| 12/22/2033 | Expiration date for some stock options. |
| 10/30/2034 | Expiration date for some stock options. |
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