Form 4: Performant Financial Corp CEO Simeon Kohl Reports Stock Transactions
SEC Form 4 Filing
CEO Simeon Kohl reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On August 13, 2024, Simeon Kohl, CEO of Performant Financial Corp, acquired 41,538 shares of common stock upon the vesting of restricted stock units and disposed of 10,115 shares to cover tax liabilities at a price of $3.65.
- Following these transactions, Kohl directly owns 409,505 shares of Performant Financial Corp.
- On August 14, 2024, Kohl acquired 20,250 shares of common stock upon the vesting of restricted stock units and disposed of 4,931 shares to cover tax liabilities at a price of $3.53.
- Following these transactions, Kohl directly owns 424,824 shares of Performant Financial Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment about the company's performance.
Positives
- The vesting of restricted stock units suggests that performance milestones have been met, which could be viewed positively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
- Similar filings are made by executives at companies like Maximus, Conduent, and Alorica, which operate in related sectors such as government services and business process outsourcing.
Stakeholder Impact
- Shareholders may be interested in the CEO's stock transactions as an indicator of management's confidence in the company.
- The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| August 14, 2021 | Date of grant for restricted stock unit award vesting 25% annually. |
| August 8, 2022 | Date of grant for restricted stock unit award vesting 25% annually. |
| August 13, 2024 | Transaction date: Acquisition of 41,538 shares and disposal of 10,115 shares for tax liability. |
| August 14, 2024 | Transaction date: Acquisition of 20,250 shares and disposal of 4,931 shares for tax liability. |
| August 15, 2024 | Date of signature for the Form 4 filing. |
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