Form 4: Trinity Capital COO Gerald Harder Reports Tax-Related Share Withholding
SEC Form 4 Filing
Gerald Harder, COO of Trinity Capital Inc., reports the withholding of shares to cover tax obligations related to the vesting of restricted shares.
Summary
- On September 13, 2024, Gerald Harder, the Chief Operating Officer of Trinity Capital Inc., had 4,610 common stock shares 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. Harder directly owns 237,226 shares of Trinity Capital Inc.
- He 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: 7
Explanation: The document is a routine regulatory filing related to tax obligations from vesting shares, which is a neutral event. The sentiment is slightly positive as it reflects ongoing equity compensation.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of equity compensation.
Key Dates
| Date | Description |
|---|---|
| May 26, 2000 | Date of the Harder Family Living Trust |
| September 2, 2021 | Date of power of attorney filed with the SEC |
| September 15, 2021 | Date of issuance of 45,509 shares under the LTIP, vesting quarterly pro rata over twelve full calendar quarters |
| March 15, 2022 | Date of issuance of 57,803 shares under the LTIP, vesting 25% on March 15, 2023, with the remaining 75% vesting pro rata over twelve full calendar quarters |
| March 15, 2023 | Date of issuance of 57,803 shares under the LTIP, vesting 25% on March 15, 2024, with the remaining 75% vesting pro rata over twelve full calendar quarters |
| March 15, 2024 | Date of issuance of 59,459 shares under the LTIP, vesting 25% on March 15, 2025, with the remaining 75% vesting pro rata over twelve full calendar quarters |
| September 13, 2024 | Date of the transaction where shares were withheld for tax obligations. |
| September 18, 2024 | Date of Form 4 filing. |
| March 15, 2025 | 25% of 59,459 shares issued under the LTIP on March 15, 2024, vest. |
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