Form 4: New Mountain Finance Corp Director Steven B. Klinsky Reports Share Transactions

Director Steven B. Klinsky of New Mountain Finance Corp reported acquiring shares through direct purchases and various trusts, while disclaiming beneficial ownership except for pecuniary interest.

Summary

• Steven B. Klinsky, a director at New Mountain Finance Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 26, 2024, Klinsky purchased 800 shares of common stock at $11.744 per share.
• On the same day, he also purchased 1,600 shares of common stock at $11.744 per share.
• The filing also details shares held indirectly through various trusts, including the Steven B. Klinsky 2008 Long Term Trust, the Steven B. Klinsky Non-GST Exempt Trust, the Steven B. Klinsky 2024 Revocable Trust (2024 Trust 1), and the Steven B. Klinsky 2024 Revocable Trust (2024 Trust 2).
• Klinsky disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.
• Additionally, some shares are held directly by an immediate family member, for which Klinsky also disclaims beneficial ownership except for his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions by a director, with no indication of positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report their transactions in company stock, providing transparency to the market.

Comparison to Industry Standards

• Form 4 filings are a common regulatory requirement for corporate insiders across all publicly traded companies in the US.
• The transactions reported are typical for directors and officers who may acquire shares through various means, including direct purchases and trust holdings.
• The disclaimers of beneficial ownership, except for pecuniary interest, are standard practice when shares are held through trusts or by family members.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's transactions in the company's stock.
• The transactions are unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Director, New Mountain Finance Corp, NMFC, Steven B. Klinsky, Trusts, Share Purchase