Form 4: SuRo Capital Corp. Chairman, CEO, and President Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Mark D. Klein, Chairman, CEO, and President of SuRo Capital Corp., reported disposing of 17,017 shares to cover tax obligations related to vesting restricted shares.
Summary
- On December 16, 2024, Mark D. Klein, Chairman, CEO, and President of SuRo Capital Corp., disposed of 17,017 shares of common stock.
- The shares were 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, Mr. Klein beneficially owns 1,232,377 shares, including shares owned by his spouse and restricted shares granted under the company's equity incentive plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports a factual event.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it is a routine disposal of shares for tax purposes and does not indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| February 9, 2022 | Date of restricted shares granted under the SuRo Capital Corp. Amended and Restated 2019 Equity Incentive Plan. |
| December 15, 2023 | Date of restricted shares granted under the SuRo Capital Corp. Amended and Restated 2019 Equity Incentive Plan. |
| December 10, 2024 | Date of restricted shares granted under the SuRo Capital Corp. Amended and Restated 2019 Equity Incentive Plan. |
| December 16, 2024 | Date of transaction: disposal of 17,017 shares for tax obligations. |
| December 18, 2024 | Date of signature on the Form 4 filing. |
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