Form 4: MediaAlpha Executive Coyne Reports Stock Transactions
SEC Form 4
Jeffrey Coyne, General Counsel and Secretary of MediaAlpha, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units on August 15, 2024, according to a Form 4 filing.
Summary
- On August 15, 2024, Jeffrey B. Coyne, General Counsel and Secretary of MediaAlpha, Inc., filed a Form 4.
- The filing details transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
- Coyne acquired shares through the vesting of RSUs and disposed of shares to cover tax withholding obligations.
- The transactions resulted in Coyne holding 256,494 shares of Class A Common Stock directly.
- Coyne also holds 4,097, 2,038 and 39,263 Restricted Stock Units.
- The RSUs vest quarterly, subject to continued employment.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports routine transactions related to executive compensation.
Future Outlook
The remaining RSUs will continue to vest quarterly over the following years, contingent upon continued employment.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions have no immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/05/2021 | Date of grant of RSUs under the Issuer's Omnibus Equity Incentive Plan |
| 08/15/2021 | Date of grant of RSUs under the Issuer's Omnibus Equity Incentive Plan |
| 03/15/2022 | Date of grant of RSUs under the Issuer's Omnibus Equity Incentive Plan |
| 05/15/2022 | One quarter/sixteenth of certain RSUs vested |
| 08/15/2022 | One quarter of certain RSUs vested |
| 08/15/2024 | Date of reported transactions (acquisition/disposal of shares and RSUs) |
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