Form 4: Open Lending Corp CEO Keith Jezek Reports Stock Transactions
SEC Form 4 Filing
CEO Keith Jezek reports the vesting and conversion of restricted stock units into common stock, along with a disposition of shares to cover tax obligations.
Summary
- On March 15, 2024, Keith Jezek, CEO of Open Lending Corp, reported transactions involving the company's stock.
- 59,523 restricted stock units vested and were converted into shares of LPRO common stock.
- Jezek also disposed of 23,421 shares to satisfy tax withholding obligations at a price of $6.67 per share.
- Following these transactions, Jezek directly owns 412,427 shares of Open Lending Corp.
- He also holds 711,385 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade in their company's stock. These filings provide transparency to the market regarding insider activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares held by the CEO.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Restricted stock units vested and converted into common stock; shares disposed of for tax obligations. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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