Form 4: Steel Partners Holdings Director Rosen Transfers Common Units to Family Trust
SEC Form 4 Filing
Director Lon Rosen gifted 635 Common Units of Steel Partners Holdings L.P. to a family trust, resulting in indirect beneficial ownership of 26,420 units.
Summary
- On July 11, 2024, Lon Rosen, a director of Steel Partners Holdings L.P., gifted 635 Common Units to a family trust.
- The transaction resulted in Mr. Rosen indirectly beneficially owning 26,420 Common Units through the Rosen Family Trust.
- The reporting person is a trustee of the family trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to a gift of shares, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Related Party Transactions
- The transfer of Common Units to the Rosen Family Trust constitutes a related party transaction.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a transfer of ownership within a family trust.
Key Dates
| Date | Description |
|---|---|
| 07/11/2024 | Date of transaction: Lon Rosen gifted Common Units to a family trust. |
| 07/12/2024 | Date of signature on the Form 4 filing. |
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