Form 4: Redfin Director James Slavet Reports Stock Unit Conversion
SEC Form 4 Filing
James Slavet, a director at Redfin Corp, reported the conversion of restricted stock units into common stock on June 16, 2024.
Summary
- On June 16, 2024, James Slavet, a director of Redfin Corp, converted 16,819 restricted stock units into common stock.
- Following the transaction, Slavet directly owns 267,364 shares of Redfin common stock.
- The restricted stock units vested on June 16, 2024, and each unit converts into one share of common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, indicating standard executive compensation practices.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Redfin.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the standard vesting and conversion of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/16/2024 | Date of transaction: Conversion of restricted stock units to common stock and vesting date of the restricted stock units. |
| 06/20/2024 | Date of signature on the Form 4 filing. |
| 06/13/2033 | Expiration date of the restricted stock units. |
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