Form 4: Liquidity Services Inc. Executive Vice President Reports Stock Transactions
SEC Form 4
Jorge Celaya, EVP & Chief Financial Officer of Liquidity Services Inc., reports the vesting of restricted stock units and subsequent acquisition of common stock on January 2, 2025.
Summary
- On January 2, 2025, Jorge Celaya, the EVP & Chief Financial Officer of Liquidity Services Inc., engaged in transactions involving the vesting of restricted stock units (RSUs).
- These transactions resulted in the acquisition of common stock due to the vesting of RSUs.
- A portion of the shares was withheld by the issuer to satisfy federal and state withholding tax obligations.
- Celaya now directly owns 42,969 shares of Liquidity Services Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is standard practice for executives to receive and vest stock options and restricted stock units as part of their compensation.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- Vesting schedules and exercise prices are typical components of these grants, designed to incentivize long-term performance.
- Companies like eBay, Amazon, and Overstock, which also operate in the e-commerce and liquidation space, similarly utilize stock-based compensation for their executives.
Stakeholder Impact
- The vesting of RSUs and subsequent acquisition of shares by an executive can be viewed positively by shareholders as it aligns management's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 01/01/2021 | 12/48th of a stock option grant vested. |
| 01/01/2022 | 12/48th of a stock option grant vested and 25% of a restricted stock unit grant vested. |
| 01/01/2023 | 12/48th of a stock option grant vested and 25% of a restricted stock unit grant vested. |
| 01/01/2024 | 12/48th of a stock option grant vested and 25% of a restricted stock unit grant vested. |
| 01/02/2025 | Date of the reported transactions: vesting of restricted stock units and acquisition of common stock. |
| 01/01/2025 | 12/48th of a stock option grant will vest and 25% of a restricted stock unit grant will vest. |
| 01/01/2026 | 25% of a restricted stock unit grant will vest. |
| 01/01/2027 | 25% of a restricted stock unit grant will vest. |
| 01/01/2028 | 25% of a restricted stock unit grant will vest. |
| 01/01/2029 | 25% of a restricted stock unit grant will vest. |
| 12/03/2029 | Expiration date for a stock option grant. |
| 12/01/2030 | Expiration date for two stock option grants. |
| 12/07/2031 | Expiration date for two stock option grants. |
| 12/23/2032 | Expiration date for two stock option grants. |
| 12/22/2033 | Expiration date for two stock option grants. |
| 10/30/2034 | Expiration date for two stock option grants. |
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