Form 4: Spok Holdings CFO Calvin Rice Reports Stock Transactions

Calvin Rice, CFO of Spok Holdings, reports the vesting and disposal of restricted stock units and common stock transactions on January 3, 2025.

Summary

• On January 3, 2025, Calvin Rice, the Chief Financial Officer & CAO of Spok Holdings, Inc., reported transactions involving Spok Holdings common stock and restricted stock units (RSUs).
• Rice acquired 12,413 shares of common stock through the vesting of RSUs at a price of $16.05.
• Simultaneously, Rice disposed of 6,451 shares of common stock to cover tax obligations at a price of $16.05.
• Following these transactions, Rice directly owns 20,454 shares of Spok Holdings common stock.
• The transactions involved the vesting of 4,579 RSUs, 3,499 RSUs, and 4,335 RSUs, each representing a contingent right to receive one share of Spok Holdings common stock.
• After the transactions, Rice directly owns 4,579 RSUs and 6,998 RSUs.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The remaining RSUs will vest on December 31, 2025, and December 31, 2026.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The vesting schedules and tax-related disposals are typical components of executive compensation packages, similar to those seen at companies like Vocera Communications (now part of Stryker) and Hillrom (now part of Baxter).

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.

Key Dates