Form 4: Star Equity Holdings Officer Settles Restricted Stock Units
SEC Form 4 Filing
Thatcher Butcher, President KBS of Star Equity Holdings, settled restricted stock units for common stock on March 1, 2024.
Summary
- On March 1, 2024, Thatcher Butcher, President KBS of Star Equity Holdings, settled 8,574 restricted stock units (RSUs) for 8,574 shares of common stock.
- The shares were acquired upon the vesting of the RSUs.
- 2,971 shares were withheld by the issuer to satisfy minimum statutory tax withholding requirements at a price of $0.95 per share.
- Following the transaction, Butcher directly owns 11,603 shares of common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a standard compensation practice.
Positives
- The vesting of RSUs indicates continued employment and contribution to the company by the reporting person.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of RSUs is a common form of executive compensation.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Grant date of the Restricted Stock Units |
| 03/01/2024 | Date of transaction: settlement of Restricted Stock Units and tax withholding |
| 03/05/2024 | Date of signature on the Form 4 filing |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, STRR, Star Equity Holdings, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.