Form 4: Spok Holdings COO Michael Wallace Reports Stock Transactions
SEC Form 4 Filing
Michael Wallace, COO of Spok Holdings, reports the vesting and disposal of restricted stock units on January 3, 2025.
Summary
- On January 3, 2025, Michael Wallace, the Chief Operating Officer of Spok Holdings, Inc., reported transactions involving the company's common stock and restricted stock units (RSUs).
- Wallace disposed of 28,195 shares of common stock at a price of $16.05.
- He also disposed of 13,237 shares to cover tax obligations at a price of $16.05.
- Wallace vested 10,175 RSUs, with the remaining 10,175 RSUs vesting on December 31, 2025.
- Additionally, 6,459 RSUs vested, with the remaining 12,920 RSUs vesting on December 31, 2025, and December 31, 2026.
- Finally, 11,561 RSUs vested.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard reporting of stock transactions.
Future Outlook
The remaining RSUs 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.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
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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