Form 4: Open Lending Corp Executive Matthew Roe Reports Stock Transactions

Matthew Roe, Chief Revenue 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, Matthew Roe, the Chief Revenue Officer of Open Lending Corp, reported transactions involving Open Lending Corp [LPRO] common stock.
• Roe vested 11,718 restricted stock units (RSUs) which converted into shares of LPRO common stock.
• Additionally, Roe disposed of 2,852 shares to satisfy tax withholding obligations at a price of $6.67 per share.
• Following these transactions, Roe directly owns 135,347 shares of Open Lending Corp common stock and 45,325 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It is a standard practice for executives to receive and vest stock options or restricted stock units as part of their compensation, and to sell shares to cover tax obligations.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a relatively small number of shares.

Key Dates