Form 4: Skillsoft CEO Jeffrey Tarr Reports Stock Transactions
SEC Form 4 Filing
Skillsoft CEO Jeffrey Tarr reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units on March 11, 2024.
Summary
- On March 11, 2024, Jeffrey R. Tarr, CEO of Skillsoft Corp., reported transactions involving Skillsoft's Class A Common Stock and Restricted Stock Units.
- Tarr acquired 8,333 shares of Class A Common Stock through the vesting of restricted stock units.
- Simultaneously, Tarr disposed of 2,595 shares of Class A Common Stock to satisfy tax withholding obligations at a price of $11.81 per share.
- Following these transactions, Tarr directly owns 71,504 shares of Class A Common Stock.
- Tarr also disposed of 8,333 Restricted Stock Units.
- Following these transactions, Tarr directly owns 8,334 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company leadership.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
- The filing provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 06/11/2021 | Reporting person was granted 100,000 restricted stock units, vesting in twelve equal quarterly installments beginning September 11, 2021. |
| 09/11/2021 | Start date for vesting of 100,000 restricted stock units in twelve equal quarterly installments. |
| 03/11/2024 | Date of reported transactions: acquisition of Class A Common Stock and disposal of shares for tax obligations. |
| 03/13/2024 | Date of signature on the Form 4 filing. |
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