Form 4: Resideo Technologies Director Nathan K. Sleeper Acquires and Disposes of Shares
SEC Form 4 Filing
Director Nathan K. Sleeper reports acquisition and disposal of Resideo Technologies shares related to restricted stock units.
Summary
- On June 20, 2024, Nathan K. Sleeper, a director of Resideo Technologies, Inc., acquired 7,825 shares of common stock at $0 per share related to restricted stock units (RSUs).
- On the same day, Sleeper disposed of 7,825 shares.
- The RSUs entitle Sleeper to receive a share of common stock on June 20, 2025, contingent on continued service.
- Sleeper holds the RSUs for CD&R Channel Holdings, L.P. and disclaims beneficial ownership of the reported securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a transaction related to executive compensation.
Future Outlook
The RSUs will vest on June 20, 2025, contingent on the Reporting Person's continued service.
Industry Context
This filing reflects the standard practice of granting and vesting restricted stock units to company directors as part of their compensation packages, aligning their interests with the long-term performance of the company.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of transaction: acquisition and disposal of shares. |
| 06/20/2025 | Vesting date for restricted stock units. |
| 06/24/2024 | Date of signature on the Form 4 filing. |
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