Form 4: STAR EQUITY CFO's Scheduled Stock Vesting and Tax Withholding

STAR EQUITY HOLDINGS, INC. Chief Financial Officer David J. Noble is set to acquire 3,413 shares of common stock through the vesting of Restricted Stock Units on July 27, 2025, with 1,102 shares withheld for tax obligations.

Summary

• David J. Noble, Chief Financial Officer of STAR EQUITY HOLDINGS, INC. (STRR), is scheduled to acquire 3,413 shares of common stock on July 27, 2025, through the settlement of Restricted Stock Units (RSUs).
• This transaction represents the vesting of RSUs on their scheduled date.
• Concurrently, 1,102 shares will be withheld by the Issuer to satisfy minimum statutory tax withholding requirements related to the RSU vesting, valued at $2.1 per share.
• No shares were sold by the reporting person; the disposition of 1,102 shares was solely for tax withholding.
• Following these transactions, David J. Noble's direct beneficial ownership of common stock will be 28,466 shares.
• All reported share numbers have been adjusted to reflect a 1-for-5 reverse stock split effected by the Issuer on June 12, 2024.

Sentiment

Score: 6

Explanation: Slightly positive as it reflects routine executive compensation and continued alignment of the CFO's interests with shareholders, with no negative discretionary sales.

Positives

• The vesting of Restricted Stock Units indicates the continued retention and compensation of a key executive, David J. Noble, the Chief Financial Officer.
• The acquisition of 3,413 shares of common stock through RSU settlement increases the CFO's direct stake in the company, aligning his interests with shareholders.

Negatives

• 1,102 shares of common stock, valued at $2.1 per share, will be withheld by the Issuer to cover statutory tax withholding requirements, reducing the net shares received by the CFO.

Risks

• The filing itself does not introduce new specific risks beyond general market and company-specific risks inherent in holding equity.

Future Outlook

One-third of the Restricted Stock Units held by David J. Noble are scheduled to vest on July 27, 2026, contingent on his continued service to the company.

Industry Context

This filing represents a routine insider transaction related to executive compensation, specifically the vesting of Restricted Stock Units. Such transactions are common across industries as a means of aligning management incentives with shareholder value creation and retaining key talent.

Stakeholder Impact

• Shareholders: The vesting increases the CFO's direct ownership, potentially aligning management's interests more closely with shareholder value. The tax withholding is a standard operational aspect of equity compensation.

Next Steps

• The final one-third of the Restricted Stock Units are scheduled to vest on July 27, 2026, subject to the Reporting Person's continued service.

Key Dates

Keywords

STAR EQUITY HOLDINGS, STRR, David J. Noble, Chief Financial Officer, CFO, Restricted Stock Units, RSU, Stock Vesting, Insider Transaction, Beneficial Ownership, Tax Withholding, Reverse Stock Split