Form 4: Ryan Specialty Holdings Executive Exercises Restricted LLC Units, Disposes of Shares for Tax Obligations
SEC Form 4
Mark Stephen Katz, EVP & General Counsel of Ryan Specialty Holdings, exercised restricted LLC units and disposed of shares to cover tax obligations.
Summary
- On April 1, 2024, Mark Stephen Katz, EVP & General Counsel of Ryan Specialty Holdings, exercised 1,755 Restricted LLC Units, which converted into Class A Common Stock.
- Also on April 1, 2024, Katz disposed of 869 shares of Class A Common Stock at a price of $55.5 to satisfy tax obligations.
- Following these transactions, Katz directly owns 12,386 shares of Class A Common Stock and 1,755 Restricted LLC Units.
Sentiment
Score: 5
Explanation: This is a routine transaction disclosure, with no inherent positive or negative sentiment. It reflects standard executive compensation practices.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to individual executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2022-03-18 | Reporting Person was granted 5,266 Restricted LLC Units which vest in three equal installments on April 1, 2023, 2024, and 2025. |
| 2024-04-01 | Katz exercised 1,755 Restricted LLC Units and disposed of 869 shares of Class A Common Stock. |
| 2024-04-02 | Date of signature on the Form 4 filing. |
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