Form 4: Verra Mobility Executive Steve Lalla Reports Stock Transactions
SEC Form 4 Filing
EVP Commercial Services Steve Lalla reports the vesting of restricted stock units and associated tax withholding.
Summary
- On March 4, 2025, Steve Lalla, EVP Commercial Services at Verra Mobility Corp, reported transactions involving Class A Common Stock.
- 6,209 restricted stock units vested, and the corresponding shares were acquired.
- Simultaneously, 2,443 shares were withheld to cover tax liabilities at a price of $22.57 per share.
- Following these transactions, Lalla directly owns 66,016 shares of Class A Common Stock.
- The restricted stock units were granted on March 18, 2021, and vest in four equal annual installments starting March 4, 2022.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's overall outlook.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
- The transactions have a minor impact on the total number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/18/2021 | Reporting person was granted restricted stock units, vesting in four (4) equal annual installments beginning on March 4, 2022. |
| 03/04/2022 | First vesting date of restricted stock units. |
| 03/04/2025 | Restricted stock units vested; shares withheld for tax liability. |
| 03/06/2025 | Date of signature on the Form 4 filing. |
Keywords
Verra Mobility, VRRM, Steve Lalla, Stock Transaction, Form 4, Restricted Stock Units, Tax Withholding, Beneficial Ownership
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