Form 4: Robinhood Executive Steven Quirk Reports Stock Transactions
SEC Form 4 Filing
Steven Quirk, Chief Brokerage Officer at Robinhood Markets, Inc., reports the vesting and tax withholding of restricted stock units.
Summary
- Steven M. Quirk, Chief Brokerage Officer of Robinhood Markets, Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On November 1, 2024, 43,403 Restricted Stock Units (RSUs) vested and converted into Class A Common Stock on a one-for-one basis.
- Robinhood withheld 19,228 shares to satisfy tax withholding obligations at a price of $23.49 per share.
- Following these transactions, Quirk directly owns 370,195 shares of Class A Common Stock and 217,014 Restricted Stock Units.
- The RSUs were granted on March 24, 2022, under Robinhood's 2021 Omnibus Incentive Plan and vest quarterly.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 2022-03-24 | Reporting Person was granted 694,444 RSUs under Robinhood's 2021 Omnibus Incentive Plan |
| 2022-05-01 | One-sixteenth (1/16) of these RSUs vested |
| 2024-11-01 | 43,403 Restricted Stock Units vested and tax withholding occurred. |
| 2024-11-05 | Date of Form 4 signature. |
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