Form 4: Open Lending Corp Executive Charles Jehl Reports Stock Transactions
SEC Form 4
Charles Jehl, a key executive at Open Lending Corp, reports the vesting and conversion of restricted stock units into common stock, along with associated tax withholdings.
Summary
- On May 5, 2024, Charles Jehl vested 1,127 restricted stock units which converted into shares of Open Lending Corp (LPRO) common stock.
- On May 5, 2024, 274 shares were withheld for taxes at a price of $5.11.
- On May 6, 2024, Charles Jehl vested 37,500 restricted stock units which converted into shares of Open Lending Corp (LPRO) common stock.
- On May 6, 2024, 13,508 shares were withheld for taxes at a price of $5.24.
- Following these transactions, Jehl directly owns 196,257 shares of LPRO common stock and 807,715 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions, and the sentiment is neutral.
Industry Context
This filing 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 the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/05/2024 | 1,127 restricted stock units vested and converted into common stock; 274 shares disposed of for tax obligations at $5.11. |
| 05/06/2024 | 37,500 restricted stock units vested and converted into common stock; 13,508 shares disposed of for tax obligations at $5.24. |
| 05/07/2024 | Date of signature for the Form 4 filing. |
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