Form 4: Star Equity Holdings CEO Settles Restricted Stock Units
SEC Form 4 Filing
Richard K. Coleman Jr., CEO of Star Equity Holdings, settled 2,615 restricted stock units into common stock on January 1, 2025.
Summary
- On January 1, 2025, Richard K. Coleman Jr., the CEO of Star Equity Holdings, settled 2,615 restricted stock units (RSUs) into shares of common stock.
- This transaction occurred on the scheduled vesting date of the RSUs.
- The reported securities numbers have been adjusted to reflect a 1-for-5 reverse stock split that took place on June 12, 2024.
- The CEO now directly owns 39,182 shares of common stock.
- The RSUs were granted on January 1, 2022, with one-third vesting annually on January 1, 2023, January 1, 2024, and January 1, 2025.
Sentiment
Score: 5
Explanation: This is a neutral event; it's a standard executive compensation transaction.
Industry Context
This is a routine Form 4 filing related to the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction increases the CEO's direct ownership in the company, aligning his interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/01/2022 | Reporting Person was granted 7,844 Restricted Stock Units (after giving effect to the Reverse Stock Split). |
| 01/01/2023 | One-third of the Restricted Stock Units vested. |
| 06/12/2024 | The Issuer effected a 1-for-5 reverse stock split. |
| 01/01/2024 | One-third of the Restricted Stock Units vested. |
| 01/01/2025 | Settlement of 2,615 Restricted Stock Units in shares of common stock; one-third of the Restricted Stock Units vested. |
| 01/02/2025 | Date of signature for the Form 4 filing. |
Keywords
Restricted Stock Units, Common Stock, Form 4, Star Equity Holdings, Reverse Stock Split, Beneficial Ownership, Coleman, CEO
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