Form 4: Priority Technology Holdings CFO Tim O'Leary Reports Stock Transactions
SEC Form 4 Filing
Tim O'Leary, CFO of Priority Technology Holdings, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On September 19, 2024, Tim O'Leary, the CFO of Priority Technology Holdings, reported transactions involving common stock and restricted stock units.
- These transactions include the vesting of restricted stock units granted in 2022 and 2023, as well as the grant of new restricted stock units in 2024.
- A portion of the shares were withheld to satisfy tax obligations.
- Following these transactions, O'Leary directly owns 137,966 shares of common stock and 94,488 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The vesting of restricted stock units and subsequent tax withholding may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| September 19, 2022 | Reporting Person was granted 149,254 restricted stock units. |
| September 19, 2023 | Reporting Person was granted 185,185 restricted stock units. |
| September 19, 2024 | Date of earliest transaction; vesting of restricted stock units; grant of new restricted stock units. |
| September 19, 2025 | Next vesting date for restricted stock units granted in 2022 and 2023. |
| September 19, 2026 | Vesting date for restricted stock units granted in 2023 and 2024. |
| September 19, 2027 | Final vesting date for restricted stock units granted in 2024. |
| October 03, 2024 | Date of signature on the Form 4 filing. |
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