Form 4: Trinity Capital Executive Ronald Kundich Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Chief Credit Officer of Trinity Capital, Ronald Kundich, disposed of 3,265 shares to cover tax obligations related to vesting restricted shares.
Summary
- Ronald Kundich, Chief Credit Officer of Trinity Capital Inc., disposed of 3,265 shares of common stock on June 14, 2024, 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, Kundich beneficially owns 191,195 shares of Trinity Capital Inc.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 09/17/2021 | Date of power of attorney granted to Sarah Stanton, previously filed with the SEC. |
| 09/15/2021 | Date shares were issued under the LTIP, which began vesting quarterly pro rata over the twelve full calendar quarters immediately following. |
| 03/15/2022 | Date shares were 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. |
| 03/15/2023 | Date shares were 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. |
| 03/15/2024 | Date shares were 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. |
| 06/14/2024 | Date of the transaction where 3,265 shares were disposed of to cover tax obligations. |
| 06/18/2024 | Date of the Form 4 filing. |
| 03/15/2025 | Date shares vest 25% under the 2019 Trinity Capital Inc. Long Term Incentive Plan (the 'LTIP'). |
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