Form 4: Redfin Corp Director David H. Lissy Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director David H. Lissy reports transactions involving Redfin Corp restricted stock units and phantom stock.
Summary
- On June 16, 2024, David H. Lissy, a director of Redfin Corp, reported changes in beneficial ownership.
- The transactions involved restricted stock units and phantom stock.
- 19,367 restricted stock units vested on June 16, 2024, and will be converted to common stock on a one-for-one basis upon settlement.
- The receipt of common stock is deferred until the 60th day following the earlier of the reporting person's termination of service or a change in control of the issuer.
- The reporting person also holds 44,795 shares of phantom stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The reporting person's receipt of common stock from the restricted stock units is deferred until a future event (termination of service or change in control).
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the potential future dilution from the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 06/16/2024 | Date of transaction and vesting of restricted stock units |
| 06/20/2024 | Date of signature on the report |
| 06/13/2033 | Expiration date of the restricted stock units |
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