Form 4: Rocket Companies CFO Brian Nicholas Brown Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Brian Nicholas Brown, CFO & Treasurer of Rocket Companies, Inc., reports disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 3, 2024, Brian Nicholas Brown, the Chief Financial Officer & Treasurer of Rocket Companies, Inc., disposed of 38,889 shares of Class A common stock at a price of $12.87 per share.
- This transaction was to satisfy tax withholding obligations related to the vesting of 86,805 restricted stock units granted on March 3, 2023.
- Following the transaction, Brown directly owns 519,635 shares of Rocket Companies, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate positive or negative sentiment.
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 has a minor impact on shareholders as it involves the disposal of shares by a company officer to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/03/2023 | Date of grant of 86,805 restricted stock units to Brian Nicholas Brown. |
| 03/03/2024 | Date of transaction: Disposal of 38,889 shares to cover tax obligations. |
| 03/05/2024 | Date of signature of the Form 4 filing. |
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