Form 4: Radiant Logistics CEO Bohn H. Crain Reports Stock Option Exercise and Tax Withholding
SEC Form 4 Filing
Bohn H. Crain, CEO of Radiant Logistics, exercised stock options and disposed of shares to cover tax obligations on February 19, 2025.
Summary
- On February 19, 2025, Bohn H. Crain, the CEO of Radiant Logistics, Inc., exercised stock options to acquire 2,377 shares of common stock at a price of $5.03 per share.
- Simultaneously, Crain disposed of 1,786 shares of common stock at $7.43 per share to satisfy tax withholding requirements related to the option exercise.
- Following these transactions, Crain directly owns 4,180,304 shares of Radiant Logistics common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's common for executives to exercise stock options and sell a portion of the acquired shares to cover tax liabilities.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it represents a routine exercise of stock options and subsequent sale for tax purposes by the CEO.
Key Dates
| Date | Description |
|---|---|
| May 12, 2016 | First installment of stock options became exercisable. |
| May 12, 2020 | Stock options were fully exercisable. |
| 02/19/2025 | Date of stock option exercise and share disposal for tax withholding. |
| 02/21/2025 | Date of Form 4 signature. |
| 05/11/2025 | Expiration date of the stock options. |
Keywords
Radiant Logistics, RLGT, Bohn H. Crain, stock options, Form 4, SEC filing, insider trading, beneficial ownership, tax withholding
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