Form 4: Priority Technology Holdings CEO Thomas Priore Reports Share Transactions
SEC Form 4 Filing
Thomas Priore, CEO of Priority Technology Holdings, reports returning 605,623 shares to the issuer and the vesting of 25,979 restricted stock units.
Summary
- On January 30, 2024, Thomas Priore, the CEO, President, and Chairman of Priority Technology Holdings, returned 605,623 shares of common stock to the company.
- This transaction was part of an Exchange Agreement detailed in a Form 8-K filed on February 23, 2024.
- On March 22, 2024, 25,979 restricted stock units vested, each representing a contingent right to receive one share of the company's common stock.
- Following these transactions, Priore directly owns 33,721,289 shares of common stock.
- Additionally, Priore indirectly owns 12,500,000 shares through trusts benefiting his spouse and children.
Sentiment
Score: 5
Explanation: The document is a neutral report of share transactions. There is no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their ownership stake.
Stakeholder Impact
- Shareholders may be interested in the transactions of company insiders, as it can provide insights into management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 01/08/2010 | Date of Thomas C. Priore Irrevocable Insurance Trust u/a/d |
| 01/30/2024 | Reporting Person entered into an Exchange Agreement and returned 605,623 shares back to the Issuer |
| 02/23/2024 | Form 8-K filed by the Issuer regarding the Exchange Agreement |
| 03/22/2024 | 25,979 shares vested on March 22, 2024 |
| 03/26/2024 | Date of Form 4 filing |
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