Form 4: NerdWallet Executive Samuel Yount Reports Changes in Beneficial Ownership
SEC Form 4 Filing
VP, General Manager Samuel Yount reports the withholding of shares by NerdWallet to cover tax obligations related to vesting Restricted Stock Units (RSUs).
Summary
- On September 3, 2024, Samuel Yount, VP, General Manager of NerdWallet, Inc., had shares withheld by the issuer to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs).
- A total of 1,327 Class A Common Stock shares were withheld at a price of $12.6.
- Following the transaction, Yount directly owns 519,733 shares of Class A Common Stock, which includes 509,466 RSUs payable solely in Class A Common Stock.
- Yount also indirectly owns 603,154 shares through an LLC and 1,205,257 shares through trusts.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of transaction where shares were withheld for tax obligations. |
| 09/06/2024 | Date of signature for the report. |
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