Form 4: Verra Mobility EVP Jonathan Baldwin Sells Shares Under 10b5-1 Plan

Jonathan Baldwin, EVP of Government Solutions at Verra Mobility Corp, sold 9,758 shares of Class A Common Stock at a weighted average price of $26.1419 on June 13, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On June 13, 2024, Jonathan Baldwin, the EVP of Government Solutions at Verra Mobility Corp, sold 9,758 shares of Class A Common Stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on March 14, 2024.
• The shares were sold at a weighted average price of $26.1419.
• The price range for individual transactions was between $26.02 and $26.49.
• Following the transaction, Baldwin directly owns 7,673 shares of Verra Mobility Corp.
• The transaction was reported on a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Executive stock sales are a common occurrence and are often pre-planned using Rule 10b5-1 trading plans to avoid accusations of insider trading. The market typically views these sales in the context of the executive's overall holdings and the company's performance.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates