Form 4: MediaAlpha General Counsel, Jeffrey B. Coyne, Reports Stock Transactions

MediaAlpha's General Counsel, Jeffrey B. Coyne, reported multiple transactions involving Class A Common Stock and Restricted Stock Units on November 15, 2024.

Summary

• Jeffrey B. Coyne, General Counsel and Secretary of MediaAlpha, Inc., filed a Form 4 detailing transactions on November 15, 2024.
• The transactions included the vesting of Restricted Stock Units (RSUs) and the subsequent withholding of shares to cover tax obligations.
• Mr. Coyne acquired 1,365, 509, and 6,544 shares of Class A Common Stock through RSU vesting.
• He also had 692, 258, 3,317, 3,762 and 3,274 shares withheld to cover tax obligations at a price of $12.37 per share.
• The reported transactions resulted in a net decrease in his holdings of Class A Common Stock from 263,962 to 253,609 shares.
• The transactions also included the vesting of 1,365, 509, and 6,544 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral report of transactions.

Industry Context

This is a routine filing for a company insider and is typical of equity compensation plans.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, and the transactions reported are typical of executive compensation plans.
• The vesting schedules for the RSUs are common, with quarterly vesting over several years.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they represent a small change in the holdings of a company insider.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, MediaAlpha, Stock Transactions, Restricted Stock Units, RSU, Insider Trading, Jeffrey B. Coyne, Class A Common Stock, Tax Withholding