Form 4: Vertex Inc. Executive Rowland Bryan T.R. Reports Stock Transactions
SEC Form 4 Filing
Rowland Bryan T.R., General Counsel of Vertex, Inc., reported the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On February 23, 2024, Rowland Bryan T.R., General Counsel of Vertex, Inc., had 6,428 restricted stock units vest.
- Following the vesting, 1,784 shares of Class A Common Stock were disposed of at a price of $24.71 to satisfy tax obligations.
- After these transactions, Rowland Bryan T.R. directly owns 7,391 shares of Class A Common Stock and 19,286 restricted stock units.
- The remaining restricted stock units will vest in three equal installments on February 23, 2025, February 23, 2026, and February 23, 2027.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining restricted stock units will vest in three equal installments on February 23, 2025, February 23, 2026 and February 23, 2027.
Industry Context
This is a standard Form 4 filing, reflecting insider transactions related to equity compensation. These filings are common and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in ownership of shares.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of the reported transactions: vesting of restricted stock units and disposition of shares. |
| 02/23/2025 | First vesting date of the remaining restricted stock units. |
| 02/23/2026 | Second vesting date of the remaining restricted stock units. |
| 02/23/2027 | Third vesting date of the remaining restricted stock units. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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