Form 4: Vertex Inc. General Counsel Bryan T.R. Rowland Reports Stock Transactions
SEC Form 4 Filing
Bryan T.R. Rowland, General Counsel of Vertex Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units on March 1, 2024.
Summary
- On March 1, 2024, Bryan T.R. Rowland, General Counsel of Vertex, Inc., engaged in transactions involving the company's Class A Common Stock and Restricted Stock Units.
- Rowland acquired 866 shares of Class A Common Stock through the vesting of Restricted Stock Units.
- He also disposed of 239 shares of Class A Common Stock to cover tax obligations at a price of $33.55 per share.
- Following these transactions, Rowland directly owns 8,018 shares of Class A Common Stock and 867 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent a small portion of the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of earliest transaction: acquisition of Class A Common Stock and vesting of Restricted Stock Units. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
| 03/01/2025 | Remaining restricted stock units will vest. |
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