Form 4: SLR Investment Corp. Executive Bruce Spohler Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Bruce Spohler, Co-CEO, COO, and Director of SLR Investment Corp., reports transactions involving restricted stock units and common stock, including the settlement of RSUs for cash and the grant of new RSUs.
Summary
- On March 13, 2025, Bruce Spohler, Co-CEO, COO, and Director of SLR Investment Corp. (SLRC), reported changes in his beneficial ownership of the company's securities.
- The transactions involve common stock and restricted stock units (RSUs).
- Specifically, 311,588.0308 RSUs were settled for cash, which is treated as a purchase of the underlying shares.
- Additionally, 391,610.0309 new RSUs were granted to certain employees of SLR Capital Partners, vesting in installments in 2027 and 2028.
- Spohler's total reported beneficial ownership of common stock after these transactions is 3,723,158 shares.
- Spohler disclaims beneficial ownership of shares held by various entities (SCP Plan, Solar Capital I/II, Solar Senior Investors, SLR Management, Spohler Trust, Spohler LLC) except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting transactions. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The newly granted RSUs will vest in installments in 2027 and 2028, potentially impacting Spohler's future ownership.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 2025-03-13 | Date of the reported transactions (settlement of RSUs and grant of new RSUs). |
| 2025-03-13 | Date of settlement of 311,588.0308 RSUs. |
| 2027-03-01 | First vesting date (50%) for the newly granted RSUs (or the date of the opening of the trading window, if later). |
| 2028-03-01 | Second vesting date (50%) for the newly granted RSUs (or the date of the opening of the trading window, if later). |
| 2025-03-17 | Date of signature on the Form 4 filing. |
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