Form 4: Spok Holdings CFO Calvin Rice Reports Stock Transactions
SEC Form 4 Filing
Calvin Rice, CFO of Spok Holdings, reports the vesting of restricted stock units and subsequent transactions.
Summary
- On February 29, 2024, Calvin Rice, the Chief Financial Officer & CAO of Spok Holdings, Inc., reported transactions involving Spok Holdings common stock.
- Mr. Rice acquired 4,384 shares of common stock upon the vesting of Restricted Stock Units (RSUs) at a price of $16.92.
- Simultaneously, Mr. Rice disposed of 1,857 shares to cover tax obligations related to the vesting at $16.92.
- Additionally, 108 shares were forfeited due to performance criteria of the 2021 Long Term Incentive Plan (LTIP) not being met.
- Following these transactions, Mr. Rice directly owns 14,492 shares of Spok Holdings common stock and 61,229 Restricted Stock Units.
Sentiment
Score: 6
Explanation: The document is a routine disclosure of stock transactions by a company executive. The forfeiture of shares due to unmet performance criteria is slightly negative, but overall the sentiment is neutral.
Negatives
- 108 shares were forfeited due to the performance criteria of the 2021 LTIP not being met.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with the most knowledge of the company's prospects.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| 01/04/2021 | Mr. Rice was granted an award of Restricted Stock Units (RSUs). |
| 12/31/2023 | Year end for performance objectives of the 2021 Long Term Incentive Plan (LTIP). |
| 02/29/2024 | Date of RSU vesting, stock acquisition, tax-related disposal, and share forfeiture. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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