Form 4: OppFi CFO Pamela Johnson Reports Changes in Beneficial Ownership
SEC Form 4
Pamela Johnson, CFO of OppFi Inc., reports transactions involving Class A Common Stock, including the acquisition of shares from vested restricted stock units and shares withheld for tax obligations.
Summary
- On January 2, 2025, Pamela Johnson, CFO of OppFi Inc., reported changes in her beneficial ownership of the company's Class A Common Stock.
- She acquired 1,041 shares upon the settlement of restricted stock units (RSUs) that vested on January 1, 2025.
- A total of 2,691 shares were withheld to cover tax obligations related to the RSU settlement, with 361 shares withheld at $8.08 and 2,330 shares withheld at $8.08.
- Following these transactions, Johnson directly owns 124,428 shares of Class A Common Stock.
- The RSUs were granted on October 1, 2021, under the OppFi Inc. 2021 Equity Incentive Plan, with vesting occurring over four years.
Sentiment
Score: 6
Explanation: The document reflects routine transactions related to executive compensation, indicating a neutral sentiment.
Positives
- The vesting of RSUs indicates a continued alignment of the CFO's interests with the company's performance.
Future Outlook
The remaining RSUs will continue to vest in equal quarterly increments over the following three years, subject to continued service.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 2021-10-01 | Date RSUs were granted to Pamela Johnson. |
| 2025-01-01 | Date RSUs vested. |
| 2025-01-02 | Date of the reported transactions (acquisition and disposal of shares). |
| 2025-01-06 | Date of signature on the Form 4 filing. |
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