Form 4: Trinity Capital Inc. COO Gerald Harder Reports Share Transactions
SEC Form 4 Filing
Trinity Capital Inc.'s Chief Operating Officer, Gerald Harder, reported the disposal of 3,024 shares to cover tax obligations related to vesting restricted shares.
Summary
- Gerald Harder, the Chief Operating Officer of Trinity Capital Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On November 26, 2024, Mr. Harder disposed of 2,000 shares at $0 price.
- On December 13, 2024, Mr. Harder disposed of 3,024 shares at a price of $14.60 per share to cover tax obligations related to vesting restricted shares.
- Following these transactions, Mr. Harder directly owns 232,202 shares of common stock.
- 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 reflects routine insider transactions related to vesting shares and tax obligations, which is neutral to slightly positive as it indicates the executive is receiving compensation.
Industry Context
This is a routine filing related to executive stock transactions and is common for publicly traded companies.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, as mandated by the SEC.
- The vesting schedules described are typical for long-term incentive plans in the financial industry.
- The tax withholding transaction is a common occurrence when restricted stock units vest.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/02/2021 | Date of power of attorney granted to Sarah Stanton, previously filed with the SEC. |
| 09/15/2021 | Date of issuance of 45,509 shares under the LTIP, which began vesting quarterly. |
| 03/15/2022 | Date of issuance of 57,803 shares under the LTIP, which vested 25% on March 15, 2023. |
| 03/15/2023 | Date of issuance of 57,803 shares under the LTIP, which vested 25% on March 15, 2024. |
| 03/15/2024 | Date of issuance of 59,459 shares under the LTIP, which vest 25% on March 15, 2025. |
| 11/26/2024 | Date of disposal of 2,000 shares at $0 price. |
| 12/13/2024 | Date of disposal of 3,024 shares at $14.60 per share to cover tax obligations. |
| 12/17/2024 | Date of filing of the Form 4. |
Keywords
Form 4, Beneficial Ownership, Trinity Capital Inc., Gerald Harder, Share Transactions, LTIP, Restricted Shares, Tax Obligations
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.