Form 4: Rocket Companies COO Heather Lovier Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Heather Lovier, COO of Rocket Companies, reports the disposal of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 9, 2024, Heather M. Lovier, Chief Operating Officer of Rocket Companies, Inc. [RKT], reported a transaction involving Class A common stock.
- The transaction involved the disposal of 23,428 shares at a price of $19.31 per share.
- These shares were withheld by Rocket Companies to satisfy tax withholding obligations related to the vesting of restricted stock units granted to Ms. Lovier on September 28, 2023, and March 7, 2024.
- Following the transaction, Ms. Lovier beneficially owns 533,383 shares of Class A common stock.
Sentiment
Score: 5
Explanation: The filing reflects a routine transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 09/28/2023 | Date of grant of restricted stock units to the Reporting Person. |
| 03/07/2024 | Date of grant of restricted stock units to the Reporting Person. |
| 09/09/2024 | Date of transaction (stock disposal for tax withholding). |
| 09/11/2024 | Date of signature of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.