Form 4: Open Lending Corp Executive Matthew Roe Reports Stock Transactions
SEC Form 4 Filing
Chief Revenue Officer Matthew Roe reports the vesting and conversion of restricted stock units into common stock, along with a disposition of shares to cover tax obligations.
Summary
- Matthew Roe, Chief Revenue Officer of Open Lending Corporation, reported transactions involving the company's stock on May 5, 2024.
- Roe vested 498 restricted stock units, which converted into 498 shares of LPRO common stock.
- He also disposed of 121 shares to cover tax obligations at a price of $5.11 per share.
- Following these transactions, Roe directly owns 135,724 shares of Open Lending Corp.
- Roe also owns 75,779 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives holding company stock and equity-based compensation.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/05/2024 | Date of restricted stock units vesting and stock transactions. |
| 05/07/2024 | Date of signature for the Form 4 filing. |
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