Form 4: Open Lending Corp: Officer Charles D. Jehl Reports Stock Transactions
SEC Form 4 Filing
Charles D. Jehl, CFO, COO, and Interim CEO of Open Lending Corp, reports the vesting of restricted stock units and subsequent stock transactions on April 12, 2024.
Summary
- On April 12, 2024, Charles D. Jehl, an officer of Open Lending Corporation, reported transactions involving the company's common stock.
- Jehl acquired 4,655 shares of common stock through the vesting of restricted stock units.
- Simultaneously, Jehl disposed of 1,133 shares to cover tax obligations at a price of $5.09 per share.
- Following these transactions, Jehl directly owns 171,412 shares of Open Lending Corp.
- Jehl also holds 846,342 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's a standard practice for officers and directors to report changes in their beneficial ownership of company stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key officer.
Key Dates
| Date | Description |
|---|---|
| 04/12/2024 | Date of stock transactions and vesting of restricted stock units. |
| 04/16/2024 | Date of Form 4 filing. |
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