Form 4: Spok Holdings CEO Vincent Kelly Reports Stock Transactions
SEC Form 4
Vincent Kelly, President & CEO of Spok Holdings, reports the vesting and disposal of restricted stock units and common stock transactions.
Summary
- On January 3, 2025, Vincent Kelly, the President & CEO of Spok Holdings, reported transactions involving common stock and restricted stock units.
- Kelly acquired 46,314 shares of common stock at a price of $16.05.
- He also disposed of 21,396 shares of common stock at a price of $16.05.
- These transactions resulted in Kelly beneficially owning 176,563 shares of common stock indirectly through the Vincent DePaul Kelly Fifth Amended and Restated Revocable Trust.
- Additionally, various tranches of Restricted Stock Units (RSUs) vested on January 3, 2025, including 16,280 RSUs, 10,766 RSUs, and 19,268 RSUs.
- The vested RSUs represent a contingent right to receive one share of Spok Holdings' common stock each.
- Remaining RSUs will vest on December 31, 2025, and December 31, 2026, according to the vesting schedules.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
Remaining Restricted Stock Units will vest on December 31, 2025, and December 31, 2026.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- The vesting schedules described are typical for RSU grants.
- Similar companies such as Vocera Communications (now part of Stryker) and Ascom also utilize stock-based compensation for their executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
- The vesting of RSUs is part of the executive compensation plan, impacting employee benefits.
Key Dates
| Date | Description |
|---|---|
| 01/03/2025 | Date of earliest transaction, vesting of RSUs, and reporting date. |
| 12/31/2025 | Future vesting date for remaining RSUs. |
| 12/31/2026 | Future vesting date for remaining RSUs. |
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