Form 4: Director Marietta Davis Reports Stock Transactions in Priority Technology Holdings, Inc.
SEC Form 4 Filing
Director Marietta Davis reports the vesting of restricted stock units and subsequent tax withholding in Priority Technology Holdings, Inc.
Summary
- On April 1, 2025, director Marietta Davis vested 2,436 restricted stock units of Priority Technology Holdings, Inc.
- Following the vesting, 667 shares were withheld to satisfy tax obligations at a price of $6.82 per share.
- After these transactions, Davis directly owns 84,569 shares of common stock and 7,311 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining restricted stock units will vest in three tranches on July 1, 2025, October 1, 2025, and January 1, 2026, subject to continued service as a director.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a director.
Next Steps
- The remaining restricted stock units will vest on the specified dates, contingent on continued service as a director.
Key Dates
| Date | Description |
|---|---|
| February 5, 2025 | Reporting Person was granted 9,747 restricted stock units which vest 25% on April 1, 2025, 25% on July 1, 2025, 25% on October 1, 2025, and 25% on January 1, 2026 |
| April 1, 2025 | Vesting of 2,436 restricted stock units and tax withholding of 667 shares. |
| April 2, 2025 | Date of signature by Attorney-in-Fact. |
| July 1, 2025 | Next vesting date of 25% of the restricted stock units. |
| October 1, 2025 | Next vesting date of 25% of the restricted stock units. |
| January 1, 2026 | Final vesting date of 25% of the restricted stock units. |
Keywords
Form 4, Priority Technology Holdings, Director, Marietta Davis, Stock, Restricted Stock Units, Tax Withholding, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.