Form 4: Paycor HCM CFO Adam Ante Reports Stock Transactions
SEC Form 4 Filing
Paycor HCM's Chief Financial Officer, Adam Ante, reported the disposition and acquisition of company stock on October 1, 2024, according to a Form 4 filing with the SEC.
Summary
- Adam Ante, CFO of Paycor HCM, filed a Form 4 with the SEC detailing changes in beneficial ownership of Paycor HCM stock.
- On October 1, 2024, 20,404 shares of common stock were disposed of at a price of $14.02 to cover tax obligations related to vesting RSUs.
- On the same date, 274,842 Restricted Stock Units (RSUs) were acquired at $0.
- Following these transactions, Ante directly owns 504,117 shares of Paycor HCM common stock.
- The RSUs vest over time, with 33% vesting on October 1, 2025, and the remainder vesting in quarterly installments until fully vested on the third anniversary of the grant date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions without expressing any positive or negative outlook.
Future Outlook
The document does not contain specific forward-looking statements about the company's future performance, but it does detail the vesting schedule of the RSUs, indicating a long-term incentive structure for the CFO.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the CFO's ongoing equity stake in the company and the vesting schedule of his RSUs, which is a common practice in executive compensation.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CFO's stock ownership and compensation structure.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of stock disposal and RSU acquisition. |
| 10/01/2025 | First vesting date for 33% of the acquired RSUs. |
| Third anniversary of grant date | Date when all RSUs will be fully vested. |
| 10/03/2024 | Date of signature on the Form 4 filing. |
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