Form 4: OneSpaWorld CFO Stephen Lazarus Reports Share Transactions
SEC Form 4
Stephen Lazarus, CFO and COO of OneSpaWorld Holdings Ltd, reports the acquisition and disposal of common shares related to performance stock units.
Summary
- Stephen Lazarus, the CFO and COO of OneSpaWorld Holdings Ltd, filed a Form 4 detailing changes in beneficial ownership.
- On February 11, 2025, Lazarus acquired 57,092 common shares upon the satisfaction of performance conditions related to Performance Stock Units (PSUs) granted on December 6, 2023.
- One-third of these PSUs immediately settled in common shares, while the remaining two-thirds will settle in two equal installments on December 6, 2025, and December 6, 2026, subject to continued service.
- On February 12, 2025, Lazarus disposed of 15,209 shares at a weighted average price of $21.8334 to cover tax withholding obligations related to the vesting of the PSUs.
- Following these transactions, Lazarus directly owns 322,889 common shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The remaining two-thirds of the PSUs will settle in two equal installments on December 6, 2025, and December 6, 2026, subject to continued service.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 2023-12-06 | Original grant date of Performance Stock Units (PSUs) |
| 2025-02-11 | Acquisition of 57,092 common shares upon PSU vesting |
| 2025-02-12 | Disposal of 15,209 shares to cover tax obligations |
| 2025-02-13 | Date of Form 4 filing |
| 2025-12-06 | Next settlement date for remaining PSUs |
| 2026-12-06 | Final settlement date for remaining PSUs |
Keywords
Form 4, beneficial ownership, OneSpaWorld, OSW, Stephen Lazarus, CFO, COO, Performance Stock Units, PSUs, share transactions
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