Form 4: Steel Partners Holdings Officer Reports Acquisition and Disposal of Common Units
SEC Form 4 Filing
Gary Tankard, Chief Accounting Officer of Steel Partners Holdings L.P., reports the acquisition of restricted common units and disposal of common units to cover tax obligations.
Summary
- On March 15, 2024, Gary Tankard, Chief Accounting Officer of Steel Partners Holdings L.P., acquired 2,545 restricted common units under the company's incentive plan at a price of $0.
- On the same day, Mr. Tankard disposed of 1,053 common units at $38.99 to satisfy tax withholding obligations related to the vesting of the restricted common units.
- Following these transactions, Mr. Tankard directly owns 1,492 common units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of restricted common units indicates continued alignment of the officer's interests with those of the company and its shareholders.
Industry Context
Form 4 filings are a routine part of compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, primarily providing transparency into executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of acquisition and disposal of common units. |
| 03/19/2024 | Date of Power of Attorney execution. |
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