Form 4: Rafael Holdings CEO William Conkling Reports Stock Transaction
SEC Form 4 Filing
William Conkling, CEO of Rafael Holdings, reports the withholding of shares for tax purposes following the vesting of restricted stock.
Summary
- On March 21, 2024, William Conkling, the CEO of Rafael Holdings, Inc. (RFL), had 15,473 Class B Common Stock shares withheld by the issuer for tax purposes.
- The transaction occurred at a price of $1.705 per share.
- Following the transaction, Conkling beneficially owns 534,044 shares.
- This includes 146,955 shares held directly, 74,205 fully vested restricted shares, and 312,884 unvested restricted shares vesting quarterly from June 21, 2024, to December 21, 2025, and annually on October 25 from 2024 to 2027.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock and the subsequent withholding of shares for tax obligations, a common practice in executive compensation.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the CEO's compensation and tax obligations.
- Employees may be indirectly affected as the CEO's actions reflect the company's compensation policies.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Date of stock transaction (tax withholding). |
| 03/25/2024 | Date of Form 4 signature. |
| 06/21/2024 | First quarterly vesting date for a portion of unvested restricted stock. |
| 09/21/2025 | Last quarterly vesting date for a portion of unvested restricted stock. |
| 10/25/2024 | First annual vesting date for a portion of unvested restricted stock. |
| 10/25/2025 | Second annual vesting date for a portion of unvested restricted stock. |
| 10/25/2026 | Third annual vesting date for a portion of unvested restricted stock. |
| 10/25/2027 | Final annual vesting date for a portion of unvested restricted stock. |
| 12/21/2025 | Final quarterly vesting date for a portion of unvested restricted stock. |
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