Form 4: Prestige Consumer Healthcare CFO Christine Sacco Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Christine Sacco, CFO of Prestige Consumer Healthcare Inc., reports the acquisition of restricted stock units.
Summary
- On May 7, 2024, Christine Sacco, the Chief Financial Officer of Prestige Consumer Healthcare Inc., acquired 6,062 shares of common stock at a price of $0.
- These shares were acquired in the form of restricted stock units.
- Following the transaction, Sacco directly owns 30,123 shares of Prestige Consumer Healthcare Inc.
- The restricted stock units vest in three installments: 2,020 shares on May 7, 2025, and 2,021 shares each on May 7, 2026, and May 7, 2027.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock units by the CFO is a positive sign of alignment with the company's long-term goals, but it's a routine transaction.
Positives
- The acquisition of restricted stock units by the CFO aligns her interests with the long-term performance of the company.
- The vesting schedule encourages continued service and commitment from the CFO.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the CFO's acquisition of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- Shareholders may view the CFO's acquisition of restricted stock units as a positive sign, aligning her interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of transaction: Acquisition of 6,062 restricted stock units. |
| 05/07/2025 | First vesting date: 2,020 shares vest. |
| 05/07/2026 | Second vesting date: 2,021 shares vest. |
| 05/07/2027 | Third vesting date: 2,021 shares vest. |
| 05/09/2024 | Date of filing the Form 4. |
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