Form 4: Trinity Capital Executive Ronald Kundich Disposes of Shares to Cover Tax Obligations
SEC Form 4
Ronald Kundich, Chief Credit Officer of Trinity Capital Inc., disposed of 3,705 shares of common stock on September 13, 2024, to satisfy tax obligations related to vesting restricted shares.
Summary
- On September 13, 2024, Ronald Kundich, the Chief Credit Officer of Trinity Capital Inc., disposed of 3,705 shares of common stock.
- The transaction was executed to cover tax obligations associated with the vesting of restricted shares.
- The shares were sold at a price of $13.98 per share.
- Following the transaction, Kundich directly owns 187,490 shares of Trinity Capital Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Key Dates
| Date | Description |
|---|---|
| 09/17/2021 | Power of attorney dated September 17, 2021, was previously filed with the Securities and Exchange Commission as an exhibit to the Form 4 Mr. Kundich filed on September 17, 2021. |
| 09/15/2021 | 40,958 shares issued under the LTIP on September 15, 2021, which shares began vesting quarterly pro rata over the twelve full calendar quarters immediately following September 15, 2021. |
| 03/15/2022 | 43,353 shares issued under the LTIP on March 15, 2022, 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. |
| 03/15/2023 | 43,353 shares issued under the LTIP on March 15, 2023, which shares vested 25% on March 15, 2024, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters immediately following March 15, 2024. |
| 03/15/2024 | 40,541 shares issued under the 2019 Trinity Capital Inc. Long Term Incentive Plan (the 'LTIP') on March 15, 2024, 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 |
| 09/13/2024 | Ronald Kundich disposed of 3,705 shares of common stock to cover tax obligations. |
| 09/18/2024 | Date of the Form 4 filing. |
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