Form 4: SuRo Capital Corp. Grants Restricted Stock to Executive
Executive Compensation Filing
SuRo Capital Corp. has granted 25,000 restricted shares to Allison Green, Chief Financial Officer, Chief Compliance Officer, Treasurer and Corporate Secretary, under the company's 2019 Equity Incentive Plan.
Summary
- SuRo Capital Corp. granted 25,000 restricted shares to Allison Green, the company's Chief Financial Officer, Chief Compliance Officer, Treasurer and Corporate Secretary.
- The shares were granted under the company's Amended and Restated 2019 Equity Incentive Plan.
- The shares vest in three equal installments: one-third on December 10, 2025, one-third on December 10, 2026, and one-third on December 10, 2027.
- This grant includes restricted shares previously granted on February 9, 2022, and December 15, 2023, which are also subject to vesting schedules.
Sentiment
Score: 7
Explanation: The document reflects a standard corporate practice of executive compensation, which is generally viewed positively for aligning interests. There are no indications of negative sentiment.
Positives
- The grant of restricted stock aligns the executive's interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the executive.
Risks
- The vesting of the shares could be impacted by changes in the executive's employment status.
Industry Context
The granting of restricted stock is a common practice in the financial industry to incentivize and retain key executives.
Comparison to Industry Standards
- Many publicly traded companies use equity-based compensation, such as restricted stock, to align executive interests with shareholder value.
- Vesting schedules are a standard practice to ensure long-term commitment from executives.
- The specific vesting terms and amounts can vary widely based on company size, performance, and industry norms. Companies like Blackstone, Apollo Global Management, and KKR also use similar equity incentive plans.
Stakeholder Impact
- Shareholders may view this as a positive step in retaining key talent.
- Employees may see this as a sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 2022-02-09 | Date of a previous restricted stock grant under the 2019 Equity Incentive Plan. |
| 2023-12-15 | Date of a previous restricted stock grant under the 2019 Equity Incentive Plan. |
| 2024-12-10 | Date of the current restricted stock grant to Allison Green. |
| 2025-12-10 | Date when the first third of the restricted shares will vest. |
| 2026-12-10 | Date when the second third of the restricted shares will vest. |
| 2027-12-10 | Date when the final third of the restricted shares will vest. |
| 2024-12-12 | Date of the filing. |
Keywords
restricted stock, equity incentive plan, stock grant, executive compensation, vesting, SuRo Capital Corp, Allison Green
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