Form 4: Robinhood Executive Steven Quirk Reports Stock Transactions
SEC Filing
Steven Quirk, Chief Brokerage Officer at Robinhood Markets, Inc., reports the vesting and tax withholding of restricted stock units.
Summary
- On August 1, 2024, Steven Quirk, Chief Brokerage Officer of Robinhood Markets, Inc., had 43,403 Restricted Stock Units (RSUs) vest and convert into Class A Common Stock.
- Robinhood withheld 19,228 shares to satisfy tax obligations related to the vesting of these RSUs at a price of $20.57 per share.
- Following these transactions, Quirk directly owns 501,066 shares of Class A Common Stock and 260,417 Restricted Stock Units.
- These transactions were reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive, with no inherently positive or negative implications.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| March 24, 2022 | Reporting Person was granted 694,444 RSUs under Robinhood's 2021 Omnibus Incentive Plan. |
| May 1, 2022 | One-sixteenth (1/16) of these RSUs vested. |
| August 1, 2024 | 43,403 Restricted Stock Units vested and converted into Class A Common Stock. |
| August 5, 2024 | Date of the Form 4 filing. |
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