Form 4: Star Equity Holdings Officer Settles Restricted Stock Units
SEC Form 4 Filing
Thatcher Butcher, President KBS of Star Equity Holdings, settles restricted stock units for common stock.
Summary
- On March 3, 2025, Thatcher Butcher, President KBS of Star Equity Holdings, settled 1,715 restricted stock units (RSUs) for 1,715 shares of common stock.
- The RSUs were part of a grant of 5,144 RSUs awarded on March 1, 2023, which vest in three annual installments.
- The reported securities have been adjusted to reflect a 1-for-5 reverse stock split that occurred on June 12, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation and vesting schedules.
Future Outlook
One-third of the Restricted Stock Units are scheduled to vest on March 1, 2026, subject to the Reporting Person continuing to provide service through such date.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies.
Stakeholder Impact
- The settlement of RSUs increases the number of outstanding shares, potentially diluting existing shareholders' equity slightly.
Key Dates
| Date | Description |
|---|---|
| 2023-03-01 | Reporting Person was granted 5,144 Restricted Stock Units (after giving effect to the Reverse Stock Split). |
| 2024-03-01 | One-third of the Restricted Stock Units vested. |
| 2024-06-12 | The Issuer effected a 1-for-5 reverse stock split. |
| 2025-03-01 | One-third of the Restricted Stock Units vested. |
| 2025-03-03 | Reporting Person settled 1,715 Restricted Stock Units. |
| 2026-03-01 | One-third of the Restricted Stock Units are scheduled to vest, subject to the Reporting Person continuing to provide service through such date. |
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