Form 4: Saratoga Investment Corp. CEO Transfers Shares as Compensation
SEC Form 4 Filing
Christian L. Oberbeck, CEO of Saratoga Investment Corp., transferred 248 shares of common stock to an employee as compensation on October 7, 2024.
Summary
- On October 7, 2024, Christian L. Oberbeck, the CEO and a director of Saratoga Investment Corp., transferred 248 shares of common stock to a Saratoga employee as compensation.
- Following this transaction, Mr. Oberbeck directly owns 646.447 shares of common stock.
- He also indirectly owns 117,774 shares through CLO Partners LLC, 100,000 shares through CLO Partners Holdings LLC, 56,622 shares through his children, and 1,585 shares through his wife.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transfer of shares as compensation may have a minor positive impact on employee morale.
Key Dates
| Date | Description |
|---|---|
| 10/07/2024 | Mr. Oberbeck transferred 248 shares of common stock to a Saratoga employee as compensation. |
| 10/08/2024 | Date of signature for the Form 4 filing. |
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