Form 4: SuRo Capital Corp. CFO Allison Green Reports Tax Obligation Share Withholding
SEC Form 4 Filing
Allison Green, CFO of SuRo Capital Corp., reports the withholding of shares to cover tax obligations related to vesting restricted shares.
Summary
- On December 16, 2024, Allison Green, CFO of SuRo Capital Corp., had 4,571 shares of common stock withheld to satisfy tax obligations related to the vesting of restricted shares.
- The transaction was exempt from Section 16(b) pursuant to Rule 16b-3.
- Following the transaction, Green beneficially owns 157,162 shares, including restricted shares granted under the company's equity incentive plan on February 9, 2022, December 15, 2023, and December 10, 2024, which are subject to vesting schedules.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard tax obligation related to equity compensation. It doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax obligation fulfillment related to vested equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves the withholding of shares for tax purposes, not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| February 9, 2022 | Date of restricted share grant under the SuRo Capital Corp. Amended and Restated 2019 Equity Incentive Plan. |
| December 15, 2023 | Date of restricted share grant under the SuRo Capital Corp. Amended and Restated 2019 Equity Incentive Plan. |
| December 10, 2024 | Date of restricted share grant under the SuRo Capital Corp. Amended and Restated 2019 Equity Incentive Plan. |
| 12/16/2024 | Date of the transaction where shares were withheld to satisfy tax obligations. |
| 12/18/2024 | Date of signature on the Form 4 filing. |
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