Form 4: Spruce Power Holding Corp CFO Reports Tax Withholding Stock Transaction
SEC Form 4 Filing
Sarah Weber Wells, CFO of Spruce Power Holding Corp, reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On April 3, 2025, Sarah Weber Wells, the Chief Financial Officer of Spruce Power Holding Corp, had 4,504 shares of common stock withheld to cover tax obligations.
- This was due to the vesting of previously granted restricted stock units.
- Following the transaction, Wells directly owns 198,356 shares of Spruce Power Holding Corp.
- The price per share for the withholding was $2.09.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CFO, engage in transactions involving the company's stock. This filing indicates routine tax-related stock withholding.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 04/03/2025 | Date of the stock transaction (tax withholding). |
| 04/07/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Spruce Power Holding Corp, Sarah Weber Wells, CFO, Stock Transaction, Tax Withholding, Restricted Stock Units, Beneficial Ownership
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