Form 4: Trinity Capital Inc. Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Sarah Stanton, GC, CCO, and Secretary of Trinity Capital Inc., disposed of 1,162 shares of common stock to cover tax obligations related to vesting restricted shares.
Summary
- On September 13, 2024, Sarah Stanton, GC, CCO, and Secretary of Trinity Capital Inc., disposed of 1,162 shares of common stock.
- The shares were 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, Stanton beneficially owns 102,869 shares of Trinity Capital Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an officer's stock transactions for tax purposes. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders. This transaction is related to tax obligations from vesting shares, a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 09/15/2021 | Shares issued under the LTIP began vesting quarterly pro rata over the twelve full calendar quarters immediately following this date. |
| 03/15/2022 | 17,341 shares issued 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. |
| 03/15/2023 | 33,774 shares issued 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. |
| 03/15/2024 | 45,946 shares issued under the LTIP, vesting 25% on March 15, 2025, with the remaining 75% vesting pro rata over the twelve full calendar quarters immediately following March 15, 2025. |
| 09/13/2024 | Date of the transaction where 1,162 shares were disposed of to cover tax obligations. |
| 09/18/2024 | Date of signature for the Form 4 filing. |
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