Form 4: SuRo Capital Corp. Chairman and CEO Mark D. Klein Acquires 300,000 Shares of Common Stock

Mark D. Klein, Chairman, CEO, and President of SuRo Capital Corp., reports the acquisition of 300,000 shares of common stock through a grant of restricted shares.

Summary

• On May 16, 2025, Mark D. Klein, Chairman, CEO, and President of SuRo Capital Corp., acquired 300,000 shares of common stock.
• These shares were granted as restricted shares under the company's Amended and Restated 2019 Equity Incentive Plan.
• The restricted shares vest in three equal installments: 1/3 on December 1, 2026, 1/3 on December 1, 2027, and 1/3 on December 1, 2028.
• Following the transaction, Mr. Klein beneficially owns a total of 1,516,019 shares, including shares owned by his spouse and previously granted restricted shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The grant of restricted stock aligns management's interests with shareholders, which is generally viewed favorably. However, it's a routine transaction and doesn't necessarily indicate a significant change in the company's prospects.

Positives

• The grant of restricted shares aligns Mr. Klein's interests with those of the shareholders, incentivizing him to drive long-term value creation.
• The vesting schedule encourages continued service and commitment to the company over the next several years.

Future Outlook

The vesting schedule of the restricted shares suggests an expectation of continued service and commitment from Mr. Klein to SuRo Capital Corp. through December 1, 2028.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Grants of restricted stock are a common method of executive compensation, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Comparing SuRo Capital Corp.'s executive compensation practices with those of similar BDCs (Business Development Companies) such as Ares Capital Corporation (ARCC) or Prospect Capital Corporation (PSEC) would provide a benchmark for assessing the size and structure of Mr. Klein's equity grant.
• Analyzing the vesting schedules and performance metrics attached to executive equity grants at these comparable companies would offer further context.
• Looking at the overall insider ownership percentages at these companies can also provide a benchmark.

Stakeholder Impact

• Shareholders may view the grant of restricted stock positively as it aligns management's interests with their own.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

SuRo Capital Corp, Mark D. Klein, beneficial ownership, restricted shares, equity incentive plan, Form 4, SSSS