Form 4: Oppenheimer Holdings CEO Albert G. Lowenthal Reports Share Transactions
SEC Form 4 Filing
Oppenheimer Holdings CEO Albert G. Lowenthal reports the vesting and award of restricted Class A non-voting common stock.
Summary
- Albert G. Lowenthal, CEO of Oppenheimer Holdings Inc., reported transactions involving the company's Class A non-voting common stock.
- On January 28, 2025, 77,000 shares of restricted stock awarded on January 29, 2020, vested, with 39,689 shares converted to common stock and 37,311 shares forfeited.
- Additionally, on January 29, 2025, Lowenthal was awarded 32,500 shares of restricted stock that will vest on the earlier of January 28, 2030, or his death.
- Following these transactions, Lowenthal directly owns 337,500 shares of restricted Class A non-voting common stock and 199,151 shares of Class A non-voting common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider transactions, with no indication of positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which is common in the financial services industry. It provides transparency into the holdings of key executives.
Comparison to Industry Standards
- Similar filings are common across publicly traded companies, particularly in the financial sector, where executive compensation often includes stock options and restricted stock.
- Companies like Goldman Sachs, Morgan Stanley, and JP Morgan Chase also regularly report similar transactions by their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 01/29/2020 | Date of original award of 77,000 restricted shares that vested on 01/28/2025. |
| 01/28/2025 | Date of vesting of 77,000 restricted shares, with 39,689 converted to common stock and 37,311 forfeited. |
| 01/29/2025 | Date of award of 32,500 restricted shares, vesting on the earlier of 01/28/2030 or death. |
| 01/30/2025 | Date of filing of the SEC Form 4. |
Keywords
Oppenheimer Holdings, Albert G. Lowenthal, Class A non-voting common stock, restricted stock, share vesting, SEC Form 4, insider trading
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