Form 4: Tiptree Inc. Director Paul M. Friedman Acquires Shares as Part of Retainer Fee
SEC Form 4
Director Paul M. Friedman acquired 1,829 shares of Tiptree Inc. common stock as part of his annual retainer fee.
Summary
- On April 4, 2024, Paul M. Friedman, a director of Tiptree Inc., acquired 1,829 shares of common stock.
- The acquisition was part of the stock component of the director's annual retainer fee, paid quarterly in arrears.
- Following the transaction, Friedman directly owns 106,357 shares of Tiptree Inc. common stock.
- Friedman also indirectly owns 4,000 shares through a living trust.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation.
Positives
- The acquisition of shares by a director demonstrates confidence in the company.
Industry Context
Directors commonly receive stock as part of their compensation, aligning their interests with shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholder confidence due to director's increased stake.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction: Paul M. Friedman acquired 1,829 shares of Tiptree Inc. common stock. |
| 04/05/2024 | Date of signature: Form 4 signed by Neil C. Rifkind as Attorney-in-fact for Paul M. Friedman. |
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