Form 4: Shift4 Payments Executive Jordan Frankel Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Jordan Frankel, a Shift4 Payments executive, reported disposing of shares to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On March 9, 2024, Jordan Frankel, Secretary, General Counsel, and Executive Vice President at Shift4 Payments, Inc., disposed of shares of Class A Common Stock to cover withholding taxes.
- A total of 1,147 shares were disposed of at a price of $82.16.
- An additional 4,222 shares were disposed of at a price of $82.16.
- Following these transactions, Frankel directly owns 244,743 and 240,521 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock transactions for tax purposes. It doesn't indicate any positive or negative sentiment about the company's performance.
Industry Context
This is a routine Form 4 filing, common for corporate executives who receive stock-based compensation. It reflects the executive's transactions in the company's stock and is required by the SEC to ensure transparency.
Key Dates
| Date | Description |
|---|---|
| 03/09/2024 | Date of stock disposal transactions. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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