Form 4: Priority Technology Holdings Director Michael Passilla Reports Stock Transactions
SEC Form 4 Filing
Director Michael Passilla reports stock transactions, including the vesting of restricted stock units and shares withheld for tax obligations.
Summary
- On January 2, 2025, Michael Passilla, a director of Priority Technology Holdings, Inc., reported transactions involving the company's common stock.
- These transactions included the vesting of 7,985 restricted stock units, each representing a contingent right to receive one share of common stock.
- Additionally, 2,195 shares were withheld to satisfy tax obligations at a price of $11.75 per share.
- Following these transactions, Passilla directly owns 124,117 shares of common stock and indirectly owns 76,052 shares through Posillipo Ventures, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with 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 trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 02/08/2024 | Reporting Person was granted 31,949 restricted stock units which vest 25% on April 1, 2024, 25% on July 1, 2024, 25% on October 1, 2024, and 25% on January 1, 2025 subject to the Reporting Person's continued service as a director of the Issuer. |
| 01/02/2025 | Date of stock transactions, including vesting of restricted stock units and shares withheld for tax obligations. |
| 01/06/2025 | Date of signature for the report. |
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