Form 4: Match Group CFO Steven Richard Bailey Jr. Reports Stock Transactions
SEC Form 4 Filing
Steven Richard Bailey Jr., CFO of Match Group, reports the acquisition and disposal of common stock and restricted stock units on March 1, 2025.
Summary
- On March 1, 2025, Steven Richard Bailey Jr., the CFO of Match Group, executed several transactions involving Match Group's common stock and restricted stock units.
- These transactions included the vesting of restricted stock units and the subsequent disposal of shares to cover tax obligations.
- Bailey acquired a total of 8,969 shares of common stock through the vesting of restricted stock units and dividend equivalents.
- He disposed of 3,482 shares of common stock to satisfy tax withholding requirements at a price of $31.71 per share.
- Following these transactions, Bailey directly owns 8,122 shares of common stock and holds derivative securities including 55,358 restricted stock units that vest in the future.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives of publicly traded companies like Match Group, similar to filings made by executives at comparable companies such as Bumble (BMBL) and IAC (IAC), which previously held a majority stake in Match Group.
- The vesting schedules and terms of restricted stock units are also typical compensation components for executives in the tech industry, designed to align their interests with long-term shareholder value.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
- Shareholders may view the filing as a sign of executive alignment with the company's performance, as equity compensation is tied to the company's stock price.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Represents restricted stock units that vested/vest as to 1/4 on March 1, 2023 and as to 1/16 every three months thereafter, subject to continued service. |
| 03/01/2024 | Represents restricted stock units that vested/vest as to 1/3 on March 1, 2024 and as to 1/12 every three months thereafter, subject to continued service. |
| 03/01/2025 | Date of earliest transaction and multiple transactions involving common stock and restricted stock units. |
| 03/01/2026 | Represents restricted stock units that vest as to 1/3 on March 1, 2026 and as to 1/12 every three months thereafter, subject to continued service. |
| 03/01/2027 | Expiration date for some restricted stock units and dividend equivalents. |
| 03/01/2028 | Expiration date for some restricted stock units. |
| 03/04/2025 | Date of signature by Attorney-in-Fact. |
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