Form 4: MediaAlpha CFO Exercises Stock Options and Sells Shares for Tax Obligations
SEC Form 4 Filing
MediaAlpha's Chief Financial Officer, Patrick Ryan Thompson, exercised stock options and sold shares to cover tax obligations on November 15, 2024.
Summary
- On November 15, 2024, Patrick Ryan Thompson, the Chief Financial Officer of MediaAlpha, Inc., exercised 9,772 Restricted Stock Units (RSUs), converting them into Class A Common Stock.
- Following the exercise, Thompson sold 13,469 shares of Class A Common Stock at a price of $12.37 per share to cover tax withholding obligations.
- After these transactions, Thompson directly owns 578,938 shares of Class A Common Stock and 39,088 Restricted Stock Units.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative sentiment. It is a routine filing.
Future Outlook
The remaining Restricted Stock Units will continue to vest quarterly through November 15, 2025, subject to the CFO's continued employment.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of executives exercising stock options and selling shares to cover tax liabilities.
Comparison to Industry Standards
- The vesting schedule of the RSUs, with quarterly vesting over a multi-year period, is a common practice in the tech industry for executive compensation.
- The sale of shares to cover tax obligations is a standard procedure for executives who receive equity compensation.
- Companies like Google (Alphabet), Meta (Facebook), and Amazon also use similar equity compensation structures for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the sale of shares by an executive to cover tax obligations.
- The vesting of RSUs is part of the executive compensation package and is not expected to have a significant impact on the company's operations.
Next Steps
- The remaining Restricted Stock Units will continue to vest quarterly through November 15, 2025, subject to the CFO's continued employment.
Key Dates
| Date | Description |
|---|---|
| 12/06/2021 | Date of grant of Restricted Stock Units to the Reporting Person. |
| 11/15/2022 | One quarter of the Restricted Stock Units vested. |
| 11/15/2024 | Date of the reported transactions, including RSU vesting and share sales. |
| 11/15/2025 | Final vesting date for the remaining Restricted Stock Units. |
| 11/18/2024 | Date of signature of the Form 4 filing. |
Keywords
MediaAlpha, Stock Options, Restricted Stock Units, Form 4, Insider Trading, CFO, Equity Compensation, Tax Withholding
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