Form 4: Ryan Specialty Holdings Officer Timothy Turner Reports Stock Transactions
SEC Form 4
Timothy Turner, President of Ryan Specialty Holdings, reports the vesting and conversion of Restricted LLC Units into Class A Common Stock.
Summary
- On April 1, 2024, Timothy Turner, President of Ryan Specialty Holdings, reported transactions involving Class A Common Stock.
- 6,979 Restricted LLC Units vested and were converted into Class A Common Stock.
- 2,942 shares of Class A Common Stock were disposed of to cover tax obligations at a price of $55.5 per share.
- Following these transactions, Turner directly owns 8,095 shares of Class A Common Stock and 6,978 Restricted LLC Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This filing is a routine disclosure of insider transactions, required by the SEC to ensure transparency and prevent insider trading. It provides investors with insights into the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| July 21, 2021 | Date of Power of Attorney for Section 16 Reporting Obligations. |
| March 18, 2022 | Date the Reporting Person was granted 20,936 Restricted LLC Units which vest in three equal instalments on April 1, 2023, 2024, and 2025. |
| April 1, 2024 | Date of the reported transactions: vesting of Restricted LLC Units and disposition of shares for tax obligations. |
| April 2, 2024 | Date of signature of the report by Attorney-in-Fact. |
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