4/A: MidCap Financial Investment Corp CEO Reports Correction to Stock Transactions
SEC Filing
Tanner Powell, CEO of MidCap Financial Investment Corp, files an amended Form 4 to correct transaction codes and reflect accurate beneficial ownership of securities.
Summary
- Tanner Powell, the CEO of MidCap Financial Investment Corp, filed an amended Form 4 with the SEC.
- The amendment corrects transaction codes used in the original Form 4 filed on February 13, 2020.
- The filing also reflects the reporting person's beneficial ownership of securities as of the date of the amended filing.
- On February 10, 2020, Powell disposed of 6,245 shares of common stock at a price of $17.04 per share for tax withholding purposes related to vesting of restricted stock units (RSUs).
- On February 11, 2020, Powell acquired 14,487 shares of common stock at a price of $17.06 per share, representing a grant of RSUs.
- These RSUs vest in four equal annual installments starting on December 31, 2019.
- Following these transactions, Powell beneficially owns 110,517 shares of common stock.
- The filing indicates that Powell is also submitting an additional Form 4 filing and amendments to other Forms 4 on the same date.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting previous errors. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
Form 4 filings are routine disclosures required by the SEC for corporate insiders, providing transparency into their trading activities. This filing specifically corrects errors in a previous filing and updates the CEO's beneficial ownership.
Stakeholder Impact
- Shareholders benefit from accurate reporting of insider transactions.
- The filing ensures compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 12/31/2019 | Commencement date for vesting of RSUs in four equal annual installments. |
| 02/10/2020 | Disposition of 6,245 shares for tax withholding. |
| 02/11/2020 | Acquisition of 14,487 shares representing RSU grant. |
| 02/13/2020 | Date of original Form 4 filing. |
| 11/12/2024 | Date of signature on the amended filing. |
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