Form 4: Open Lending Corp Executive Matthew Roe Reports Stock Transactions
SEC Form 4 Filing
Matthew Roe, Chief Revenue Officer of Open Lending Corp, reports the vesting and conversion of restricted stock units into common stock, along with associated tax withholdings.
Summary
- On March 15, 2025, Matthew Roe, the Chief Revenue Officer of Open Lending Corp, reported transactions involving Open Lending Corp [LPRO] common stock.
- Roe vested 11,719 restricted stock units (RSUs) which converted into 11,719 shares of LPRO common stock.
- Additionally, 7,738 restricted stock units vested and converted into 7,738 shares of common stock.
- 2,850 shares were disposed of to cover tax obligations at a price of $4.31.
- An additional 1,884 shares were disposed of to cover tax obligations at a price of $4.31.
- Following these transactions, Roe directly owns 154,051 shares of LPRO common stock, 58,976 restricted stock units and 51,238 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of earliest transaction: vesting of restricted stock units and stock disposal for tax obligations. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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