Form 4: OppFi CFO Pamela Johnson Reports Stock Transactions

Pamela Johnson, CFO of OppFi Inc., reports the acquisition and disposal of Class A Common Stock related to the vesting and settlement of restricted stock units (RSUs).

Summary

• On April 1, 2025, Pamela Johnson, CFO of OppFi Inc., reported transactions involving Class A Common Stock.
• These transactions include the receipt of 1,041 shares from vested RSUs and the withholding of shares to cover tax obligations.
• Specifically, 306 shares and 1,974 shares were withheld at a price of $9.33 per share to cover taxes.
• Johnson also acquired 93,598 shares through RSUs granted under the company's 2021 Equity Incentive Plan.
• On April 2, 2025, 6,856 shares were withheld at a price of $9.33 per share to cover taxes.
• Following these transactions, Johnson directly owns 209,377 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and does not indicate any significant positive or negative developments for the company.

Positives

• The vesting of RSUs indicates that performance milestones have been met, which is generally a positive sign.

Future Outlook

The remaining RSUs will continue to vest in equal quarterly increments over the following three years, subject to continued service with the issuer.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the holdings and transactions of key personnel.

Comparison to Industry Standards

• Executive compensation packages often include RSUs as a way to align management's interests with those of shareholders.
• The vesting schedule of 25% initially and the remainder quarterly over three years is a fairly standard practice.
• Similar companies like LendingClub or Upstart also utilize equity-based compensation for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in insider ownership.
• Employees holding RSUs are impacted as their equity awards vest over time.

Key Dates

Keywords

OppFi, Pamela Johnson, CFO, Class A Common Stock, RSU, Restricted Stock Units, Equity Incentive Plan, Beneficial Ownership, SEC Form 4