Form 4: SolarWinds Executive Jason Bliss Reports Stock Transactions
SEC Form 4 Filing
Jason Bliss, Chief Administrative Officer of SolarWinds, reports the withholding of shares to cover tax obligations related to vesting restricted stock units and performance stock units.
Summary
- On May 15, 2024, Jason Bliss, Chief Administrative Officer of SolarWinds, reported transactions involving common stock.
- A total of 15,727 shares were withheld to cover tax obligations related to the vesting of restricted stock units at a price of $12.05.
- Additionally, 12,358 shares were withheld to cover tax obligations related to the vesting of performance stock units at a price of $12.05.
- Following these transactions, Bliss directly owns 1,001,876 shares of SolarWinds common stock.
- The reporting person's holdings were adjusted to reflect the inclusion of adjusted restricted stock units and performance stock units in connection with a special cash dividend.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Issuer's Board of Directors declared a special cash dividend. |
| 04/03/2024 | Record date for special cash dividend. |
| 04/15/2024 | Payment date for special cash dividend. |
| 05/15/2024 | Date of stock transactions (withholding of shares for tax obligations). |
| 05/17/2024 | Date of signature on the Form 4 filing. |
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