Form 4: Paysign Chief Payments Officer Matthew Lanford Reports Stock Transactions
SEC Form 4 Filing
Matthew Lanford, Chief Payments Officer at Paysign, Inc., reports the vesting of 64,000 shares of common stock on July 31, 2024.
Summary
- On July 31, 2024, Matthew Lanford, the Chief Payments Officer of Paysign, Inc., reported a transaction involving the vesting of 64,000 shares of common stock.
- These shares were acquired through the vesting of a stock grant.
- Following the transaction, Lanford directly owns 164,431 shares of common stock and 192,000 derivative securities.
- The stock grant vests annually, with one-fifth of the restricted stock vesting on each anniversary of the July 31, 2022 commencement date, until fully vested on July 31, 2027.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, reflecting standard executive compensation practices.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of stock options aligns executive interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 07/31/2022 | Vesting commencement date for the restricted stock. |
| 07/31/2024 | Date of transaction: vesting of 64,000 shares of common stock. |
| 07/31/2027 | Date when the stock grant will be fully vested. |
| 08/02/2024 | Date of signature for the Form 4 filing. |
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