Form 4: Saratoga Investment Corp. CEO Christian Oberbeck Reports Stock Transfer as Compensation
SEC Form 4 Filing
Christian Oberbeck, CEO of Saratoga Investment Corp., reported a transfer of 430 shares of common stock as compensation to an employee on November 5, 2024.
Summary
- Christian Oberbeck, CEO and Director of Saratoga Investment Corp., filed a Form 4 on November 6, 2024.
- The form reports a transaction on November 5, 2024, where Mr. Oberbeck transferred 430 shares of Saratoga Investment Corp. common stock.
- The transfer was made to a Saratoga employee as compensation.
- Following the transaction, Mr. Oberbeck directly owns 646,017 shares of common stock.
- He also indirectly owns shares through CLO Partners LLC (117,774 shares), CLO Partners Holdings LLC (100,000 shares), his children (56,622 shares), and his wife (1,585 shares).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transaction itself is relatively small. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The stock transfer has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 11/05/2024 | Date of stock transfer to employee as compensation |
| 11/06/2024 | Date of Form 4 filing |
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