Form 4: Verra Mobility Executive Steve Lalla Reports Stock Transactions
SEC Form 4
EVP Commercial Services Steve Lalla reports acquisition and disposal of Verra Mobility Corp Class A Common Stock due to vesting of restricted stock units and tax liability fulfillment.
Summary
- Steve Lalla, EVP Commercial Services at Verra Mobility Corp, filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2025, Lalla acquired 4,807 shares of Class A Common Stock through the vesting of restricted stock units and disposed of 2,093 shares to cover tax liabilities at a price of $22.89.
- Following these transactions, Lalla directly owns 37,716 shares of Class A Common Stock.
- On March 2, 2025, Lalla acquired 6,197 shares of Class A Common Stock through the vesting of restricted stock units and disposed of 2,437 shares to cover tax liabilities at a price of $22.89.
- Following these transactions, Lalla directly owns 41,476 shares of Class A Common Stock.
- Lalla also holds 14,423 restricted stock units from a grant on March 1, 2024, and 12,394 restricted stock units from a grant on March 2, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock disposals.
Key Dates
| Date | Description |
|---|---|
| 03/02/2023 | Reporting person was granted restricted stock units, vesting in four equal annual installments beginning on March 2, 2024. |
| 03/01/2024 | Reporting person was granted restricted stock units, vesting in four equal annual installments beginning on March 1, 2025. |
| 03/01/2025 | Acquisition of 4,807 shares of Class A Common Stock through vesting of restricted stock units and disposal of 2,093 shares to cover tax liabilities. |
| 03/02/2025 | Acquisition of 6,197 shares of Class A Common Stock through vesting of restricted stock units and disposal of 2,437 shares to cover tax liabilities. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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