4/A: Q2 Holdings Executive Kimberly Rutledge Reports Stock Sale to Cover Tax Obligations
SEC Form 4/A
Kimberly Rutledge, Chief People Officer of Q2 Holdings, sold 741 shares of common stock on March 13, 2024, to cover tax withholding obligations related to the vesting of Restricted Stock Units.
Summary
- On March 13, 2024, Kimberly Rutledge, Chief People Officer of Q2 Holdings, sold 741 shares of the company's common stock at a price of $50.1 per share.
- The sale was mandated by the issuer to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units.
- Rutledge directly owns 117,389 shares of Q2 Holdings common stock following the transaction.
- This Form 4/A is an amendment to a previous filing, updating the amount of securities beneficially owned to reflect additional award shares acquired on March 7, 2024.
- The reported amount was reduced by 4,786 units due to the forfeiture of unearned Market Stock Units from a grant dated March 3, 2021, as performance targets were not met.
Sentiment
Score: 6
Explanation: The document is neutral in sentiment. It reports a routine stock sale for tax purposes and a forfeiture of unearned units, which are standard occurrences in executive compensation.
Negatives
- 4,786 Market Stock Units were forfeited due to failure to meet performance targets related to TSR relative to the Russell 2000 Index.
Industry Context
This filing is a routine disclosure related to executive stock transactions and is typical for publicly traded companies. It provides transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/03/2021 | Date of Market Stock Unit Grant |
| 03/07/2024 | Date of additional award shares acquired |
| 03/13/2024 | Date of stock sale transaction |
| 03/14/2024 | Date of original Form 4 filing |
| 03/20/2024 | Date of amended Form 4/A filing |
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