Form 4: Trinity Capital Inc. COO Gerald Harder Reports Changes in Beneficial Ownership
SEC Form 4
Gerald Harder, COO of Trinity Capital Inc., reports acquisition and disposal of common stock related to tax obligations and vesting of restricted shares.
Summary
- On March 15, 2024, Gerald Harder, the Chief Operating Officer of Trinity Capital Inc., engaged in transactions involving the company's common stock.
- He disposed of 5,867 shares to cover tax obligations related to the vesting of restricted shares at a price of $14.8 per share.
- He also acquired 59,459 shares under the 2019 Trinity Capital Inc. Long Term Incentive Plan (LTIP) at a price of $0.
- Following these transactions, Harder directly owns 246,445 shares of common stock.
- Additionally, he 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: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations. There is no indication of positive or negative implications for the company's performance.
Positives
- The acquisition of 59,459 shares under the LTIP indicates continued alignment of the COO's interests with the company's long-term performance.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
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 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 the twelve full calendar quarters following March 15, 2023 |
| 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 the twelve full calendar quarters following March 15, 2024 |
| March 15, 2024 | Date of transactions: disposal of shares for tax obligations and acquisition of shares under the LTIP |
| March 15, 2025 | 25% of 59,459 shares issued under the LTIP on March 15, 2024, will vest |
| March 19, 2024 | Date of signature of the Form 4 filing |
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