Form 4: Open Lending Corp: Chief Technology Officer Sarah Lackey Reports Stock Transactions
SEC Filing (Form 4)
Sarah Lackey, Chief Technology Officer of Open Lending Corp, reports the vesting and conversion of restricted stock units into common stock, as well as a disposition of shares to cover tax obligations.
Summary
- On March 15, 2024, Sarah Lackey, the Chief Technology Officer of Open Lending Corp, had restricted stock units vest and convert into 11,532 shares of LPRO common stock.
- Lackey also disposed of 2,808 shares of common stock to satisfy tax withholding obligations at a price of $6.67 per share.
- Following these transactions, Lackey directly owns 61,860 shares of common stock and 69,881 restricted stock units.
- These transactions were reported in a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions related to executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant.
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 on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.