Form 4: Pagaya Technologies Executive Scott Bower Reports Share Transactions
SEC Form 4 Filing
Deputy Chief Financial Officer Scott Bower reports acquisition and disposal of Pagaya Technologies shares to cover tax obligations from vesting restricted stock units.
Summary
- On July 1, 2024, Scott Bower, Deputy Chief Financial Officer of Pagaya Technologies Ltd., acquired 2,604 Class A Ordinary Shares upon vesting of restricted stock units.
- On the same day, Bower disposed of 978 Class A Ordinary Shares at a price of $12.81 to satisfy tax withholding obligations related to the vesting of the restricted stock units.
- Following these transactions, Bower directly owns 8,480 Class A Ordinary Shares.
- Bower also holds 5,208 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share transactions. It doesn't inherently convey positive or negative sentiment, but the late filing is a minor negative.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2023 | 1/4th of the total 20,833 restricted stock units initially subject to this award vested |
| 01/01/2024 | 1/4th of the total 20,833 restricted stock units initially subject to this award vested |
| 07/01/2024 | Date of share acquisition and disposal by Scott Bower. |
| 08/21/2024 | Date of Form 4 filing. |
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