Form 4: Trinity Capital COO Gerald Harder Reports Stock Transaction
SEC Form 4 Filing
Gerald Harder, COO of Trinity Capital Inc., reports the withholding of shares to cover tax obligations related to vesting restricted shares.
Summary
- On June 14, 2024, Gerald Harder, the Chief Operating Officer of Trinity Capital Inc., had shares withheld to cover tax obligations related to the vesting of restricted shares.
- A total of 4,609 shares of common stock were withheld at a price of $14.82 per share.
- Following the transaction, Harder directly owns 241,836 shares of Trinity Capital Inc.
- Harder also indirectly owns 10,000 shares through the Harder Family Living Trust and 9,788 shares through Millennium Trust Co. LLC Custodian FBO Gerald T. Harder IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't convey any particularly 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 the COO's stock transactions related to tax obligations from vesting shares, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine adjustment of the COO's stock holdings due to tax obligations.
Key Dates
| Date | Description |
|---|---|
| May 26, 2000 | Date of the Harder Family Living Trust |
| September 2, 2021 | Date of power of attorney granted to Sarah Stanton |
| September 15, 2021 | Date of shares issued under the LTIP, which shares began vesting quarterly pro rata over the twelve full calendar quarters immediately following September 15, 2021 |
| March 15, 2022 | Date of shares issued under the LTIP, which shares vested 25% on March 15, 2023, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters following March 15, 2023 |
| March 15, 2023 | Date of shares issued under the LTIP, which shares vested 25% on March15, 2024, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters immediately following March 15, 2024 |
| March 15, 2024 | Date of shares issued under the LTIP, which shares vest 25% on March 15, 2025, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters immediately following March 15, 2025 |
| June 14, 2024 | Date of the reported transaction where shares were withheld to cover tax obligations. |
| June 18, 2024 | Date of signature for the Form 4 filing. |
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