Form 4: NerdWallet CEO Tim Chen Reports Stock Transaction
SEC Form 4 Filing
Tim Chen, CEO of NerdWallet, reports the withholding of shares to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On March 1, 2024, Tim Chen, the CEO of NerdWallet, had 10,930 Class A Common Stock shares withheld by the issuer to satisfy tax obligations.
- This was due to the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Chen beneficially owns 670,866 shares, which includes 317,562 RSUs payable in Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction where shares were withheld for tax obligations. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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