Form 4: Director Marc A. Crisafulli Reports Stock Unit Vesting in Priority Technology Holdings
SEC Form 4 Filing
Director Marc A. Crisafulli reports the vesting of restricted stock units in Priority Technology Holdings, resulting in the acquisition of common stock.
Summary
- On April 1, 2025, Marc A. Crisafulli, a director of Priority Technology Holdings, Inc., had 2,436 restricted stock units vest, which converted into 2,436 shares of common stock.
- Following this transaction, Crisafulli directly owns 80,495 shares of Priority Technology Holdings common stock.
- The restricted stock units were granted on February 5, 2025, and vest in four equal installments: April 1, 2025, July 1, 2025, October 1, 2025, and January 1, 2026, contingent upon continued service as a director.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock unit vesting, which is neither particularly positive nor negative. It's a routine disclosure.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency regarding the equity holdings of company insiders.
Stakeholder Impact
- The vesting of stock units aligns the director's interests with those of the shareholders.
- The increased ownership by a director could be viewed positively by investors.
Key Dates
| Date | Description |
|---|---|
| February 5, 2025 | Reporting Person was granted 9,747 restricted stock units |
| April 1, 2025 | 2,436 restricted stock units vest and convert to common stock |
| April 2, 2025 | Date of signature for the report |
| July 1, 2025 | Next vesting date for 25% of the restricted stock units |
| October 1, 2025 | Next vesting date for 25% of the restricted stock units |
| January 1, 2026 | Final vesting date for 25% of the restricted stock units |
Keywords
Priority Technology Holdings, Crisafulli, restricted stock units, Form 4, beneficial ownership, director, vesting, common stock
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