Form 4: Rocket Companies Executive Tina V. John Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Tina V. John, Executive Legal Counsel & Secretary of Rocket Companies, Inc., reports disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 9, 2024, Tina V. John, Executive Legal Counsel & Secretary of Rocket Companies, Inc., disposed of 5,870 shares of Class A common stock.
- The shares were withheld by Rocket Companies to satisfy tax withholding obligations.
- This was in connection with the vesting of 13,102 restricted stock units granted on March 8, 2024.
- The price per share was $19.31.
- Following the transaction, John directly owns 252,901 shares of Class A common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard practice of covering tax obligations related to stock vesting.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of grant of 13,102 restricted stock units to Tina V. John |
| 09/09/2024 | Date of transaction: Disposal of 5,870 shares of Class A common stock |
| 09/11/2024 | Date of signature on the Form 4 filing |
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