Form 4: Repay Holdings Corp: Officer Sullivan Reports Tax Liability Stock Withholding
SEC Form 4 Filing
Thomas Eugene Sullivan, Chief Accounting Officer of Repay Holdings Corp, reports the withholding of Class A Common Stock to cover tax liabilities related to vesting restricted stock.
Summary
- On February 23 and 24, 2024, Thomas Eugene Sullivan, Chief Accounting Officer of Repay Holdings Corp, had shares of Class A Common Stock withheld to cover his tax liability.
- A total of 1,366 shares were withheld on February 23, 2024, and 866 shares were withheld on February 24, 2024, both at a price of $8.33 per share.
- Following these transactions, Sullivan beneficially owns 130,733 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to tax obligations and stock withholding, with no inherent positive or negative implications for the company's overall performance.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company officer. It is a routine part of corporate governance and transparency.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to an individual officer's tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | 1,366 shares of Class A Common Stock withheld for tax liability at $8.33 per share. |
| 02/24/2024 | 866 shares of Class A Common Stock withheld for tax liability at $8.33 per share. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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