Form 4: StepStone Group CFO David Y. Park Reports Tax-Related Stock Disposal
SEC Filing
David Y. Park, CFO of StepStone Group Inc., reports disposing of shares to cover tax obligations related to vested restricted stock units.
Summary
- On February 14, 2025, David Y. Park, the Chief Financial Officer of StepStone Group Inc., disposed of 2,754 shares of Class A Common Stock.
- The disposal was to cover tax withholding obligations related to the vesting of 5,258 restricted stock units.
- The shares were sold at a price of $62.47 per share.
- Following the transaction, Park directly owns 17,497 shares of StepStone Group Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard practice of covering tax obligations through stock disposal.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of transaction: Disposal of shares to cover tax obligations related to vested restricted stock units. |
| 02/18/2025 | Date of signature by Attorney-in-fact for David Y. Park. |
Keywords
Form 4, StepStone Group Inc., David Y. Park, CFO, Stock Disposal, Tax Withholding, Class A Common Stock, Restricted Stock Units
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.