Form 4: Newmark Group CFO Michael Rispoli Reports Stock Transaction Following RSU Vesting
SEC Form 4 Filing
Chief Financial Officer of Newmark Group, Michael J. Rispoli, reports the vesting of restricted stock units and subsequent withholding of shares for taxes.
Summary
- On March 15, 2025, Michael J. Rispoli, CFO of Newmark Group, Inc., had 42,865 restricted stock units (RSUs) vest according to his 2022 employment agreement.
- Each RSU represents a contingent right to receive one share of Class A Common Stock.
- The company withheld 15,454 shares of Class A Common Stock for tax purposes at a price of $12.4 per share.
- The remaining 27,411 shares were issued to Rispoli.
- Following the transaction, Rispoli beneficially owns 737,334 shares.
- This includes shares represented by RSUs vesting over a seven-year schedule and shares held directly.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and doesn't indicate a significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of RSU vesting and stock withholding. |
| 03/18/2025 | Date of Form 4 filing. |
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