Form 4: Resideo Technologies Director Acquires and Disclaims Beneficial Ownership of Restricted Stock Units
SEC Form 4
Director John S. Stroup acquired 7,825 restricted stock units (RSUs) of Resideo Technologies, Inc. but disclaims beneficial ownership as they are held for CD&R Channel Holdings, L.P.
Summary
- On June 20, 2024, John S. Stroup, a director of Resideo Technologies, Inc., acquired 7,825 restricted stock units (RSUs).
- Each RSU entitles the Reporting Person to receive a share of Common Stock on June 20, 2025, subject to continued service.
- Stroup holds the RSUs for the benefit of CD&R Channel Holdings, L.P. (CDR) and is obligated to transfer the shares received to CDR.
- Stroup disclaims beneficial ownership of the reported securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a standard transaction. Sentiment is neutral.
Future Outlook
The RSUs will vest on June 20, 2025, contingent upon the director's continued service.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of transaction: Acquisition of 7,825 restricted stock units. |
| 06/20/2025 | Vesting date for the restricted stock units, subject to continued service. |
| 06/24/2024 | Date of signature for the Form 4 filing. |
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