Form 4: Pursuit Attractions & Hospitality CFO Reports Tax-Related Stock Surrender and PSU Forfeiture
SEC Form 4 Filing
Ellen M. Ingersoll, CFO of Pursuit Attractions & Hospitality, reports the surrender of shares for taxes related to vested Performance-Based Restricted Stock Units (PRSUs) and the forfeiture of additional PRSUs.
Summary
- On December 31, 2024, Ellen M. Ingersoll, CFO of Pursuit Attractions & Hospitality, surrendered 4,484 shares of common stock at a price of $42.81 per share to cover taxes related to the vesting of Performance-Based Restricted Stock Units (PRSUs).
- Ingersoll also forfeited 10,714 PRSUs granted on February 16, 2021.
- Following these transactions, Ingersoll directly owns 22,677 shares of common stock.
- Ingersoll also indirectly owns 110,331 shares through the Ellen M. Ingersoll Family Trust and 7,488.5162 shares through a 401(k) plan, where she acquired 317.2674 shares between March 2024 and January 2025.
Sentiment
Score: 5
Explanation: The document primarily reports routine transactions related to executive compensation. The tax-related stock surrender is a neutral event, while the PSU forfeiture is slightly negative for the individual but not necessarily indicative of broader company performance.
Negatives
- The forfeiture of 10,714 PRSUs represents a loss of potential equity for the reporting person.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The surrender of shares to cover taxes on vested equity is a common occurrence.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 16, 2021 | Date of grant for the forfeited 10,714 PRSUs and the vested PRSUs that led to the tax-related stock surrender. |
| February 21, 2024 | Date of execution for the Limited Power of Attorney. |
| March 2024 January 2025 | Period during which the reporting person acquired 317.2674 shares of the Issuer's common stock under the Pursuit Attractions and Hospitality, Inc. 401(k) plan. |
| December 31, 2024 | Date of the stock surrender for taxes and PSU forfeiture. |
| January 03, 2025 | Date of the Form 4 filing. |
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