Form 4: Verra Mobility CFO Craig Conti Reports Stock Transactions
SEC Form 4 Filing
CFO Craig Conti reports the vesting and subsequent sale of Verra Mobility (VRRM) stock units.
Summary
- Craig C. Conti, CFO of Verra Mobility Corp (VRRM), reported transactions involving Class A Common Stock on May 11, 2024.
- These transactions included the vesting of 5,369 and 64,424 restricted stock units, and the subsequent disposition of shares to cover tax obligations.
- 2,272 shares were disposed of at a price of $26.91.
- 27,270 shares were disposed of at a price of $26.91.
- Following these transactions, Conti directly owns 72,210 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into insider activity.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased number of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 05/11/2022 | Reporting person was granted restricted stock units, vesting in four equal annual installments beginning May 11, 2023. |
| 05/11/2022 | Reporting person was granted restricted stock units, vesting in two equal annual installments beginning on May 11, 2023. |
| 05/11/2023 | First vesting date for restricted stock units granted on May 11, 2022. |
| 05/11/2024 | Date of reported transactions: vesting of restricted stock units and disposition of shares. |
| 05/13/2024 | Date of signature for the Form 4 filing. |
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