Form 4: Spruce Power CEO Christian Fong Reports Tax Withholding Stock Transaction
SEC Form 4 Filing
Christian Fong, CEO of Spruce Power Holding Corp, reports disposition of shares to cover tax obligations related to vesting of restricted stock units.
Summary
- On April 1, 2024, Christian S. Fong, the President and CEO of Spruce Power Holding Corp, reported a transaction involving common stock.
- 2,419 shares were disposed of at a price of $3.62 to cover tax withholding obligations related to the vesting of restricted stock units on March 31, 2024.
- Following the transaction, Fong directly owns 176,600 shares of common stock.
- Fong also indirectly owns 75 shares held by his sons and 20,000 shares held by a revocable family trust, but disclaims beneficial ownership of these shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction related to tax obligations.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Vesting date of restricted stock units (RSUs). |
| 04/01/2024 | Date of stock transaction (disposal of shares for tax withholding). |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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