Form 4: MediaAlpha Executive Steven Yi Reports Stock Transactions
SEC Form 4 Filing
Steven Yi, a director and officer at MediaAlpha, reported the acquisition of Class A Common Stock through restricted stock units and performance-based restricted stock units.
Summary
- On March 15, 2025, Steven Yi, a director and officer at MediaAlpha, reported transactions involving Class A Common Stock.
- Yi acquired 606,800 shares of Class A Common Stock through restricted stock units (RSUs) at a price of $0.
- These RSUs vest over time, with one-sixteenth vesting on May 15, 2025, and the remainder vesting quarterly over the following four years, contingent upon continued employment.
- Additionally, Yi acquired 26,249 shares of Class A Common Stock through the vesting and settlement of performance-based restricted stock units (PRSUs) at a price of $0.
- These PRSUs were granted on March 15, 2024, and their vesting was based on the achievement of certain financial measures determined by the Issuer's Compensation Committee.
- Following these transactions, Yi beneficially owns 2,944,449 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports routine stock transactions. The vesting of PRSUs based on performance could be seen as slightly positive.
Positives
- The vesting of PRSUs indicates the achievement of certain financial measures determined by the Issuer's Compensation Committee.
Risks
- The vesting of RSUs is contingent upon continued employment with the Issuer.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting schedule of the RSUs implies continued employment and potential future ownership changes.
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 alignment with shareholder interests.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of grant of performance-based restricted stock units (PRSUs). |
| 03/15/2025 | Date of transaction involving Class A Common Stock, including acquisition of RSUs and vesting of PRSUs. |
| 03/18/2025 | Date of signature of the report. |
| 05/15/2025 | First vesting date for one-sixteenth of the RSUs. |
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