Form 4: Turtle Beach Director Ballard Reports Share Transactions and Stock Option Holdings
SEC Form 4 Filing
Director L. Gregory Ballard reports acquisition of restricted shares, a share transfer related to a divorce settlement, and holdings in stock options in Turtle Beach Corp.
Summary
- L. Gregory Ballard, a director of Turtle Beach Corp, filed a Form 4 detailing changes in beneficial ownership.
- On April 1, 2024, Ballard acquired 6,988 shares of common stock, which are restricted and will vest on April 1, 2025.
- Ballard also reported a transfer of 2,232 shares to his ex-wife pursuant to a domestic relations order.
- The filing also indicates Ballard holds multiple stock options with varying exercise prices and expiration dates.
- These options were exercisable as of the transaction date.
- Ballard also has a Power of Attorney agreement in place, authorizing John T. Hanson and Megan Wynne to execute and file SEC forms on his behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing transactions and holdings, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the holdings and transactions of company directors.
Related Party Transactions
- A transfer of 2,232 shares was made to Ballard's ex-wife due to a domestic relations order.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of common stock acquisition and stock option holdings. |
| 04/01/2025 | Vesting date for the acquired restricted shares. |
| 04/03/2024 | Date of Power of Attorney execution and SEC Filing Electronic Signature Attestation. |
| 04/19/2027 | Expiration date for stock options with an exercise price of $3.6. |
| 04/11/2028 | Expiration date for stock options with an exercise price of $3.12. |
| 04/01/2029 | Expiration date for stock options with an exercise price of $12.1. |
| 04/01/2030 | Expiration date for stock options with an exercise price of $5.95. |
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