VVI.Viad CORP

Form 4: Viad Corp CFO Reports Stock Transactions Following RSU Vesting

Sentiment:

SEC Form 4 Filing

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Ellen M. Ingersoll, CFO of Viad Corp, reports the surrender of shares for taxes following the vesting of Restricted Stock Units and updates her beneficial ownership.

Summary

  • On February 23, 2024, Ellen M. Ingersoll, the Chief Financial Officer of Viad Corp, engaged in transactions involving Viad Corp common stock.
  • These transactions involved the surrender of shares to cover tax obligations related to the vesting of Restricted Stock Units (RSUs) granted in February 2021 and February 2022.
  • A total of 779 shares were surrendered at a price of $33.91 per share related to the 2021 vesting, and 1,122 shares were surrendered at the same price related to the 2022 vesting.
  • Additionally, 2,297 common shares that vested on February 23, 2024, were transferred to the Ellen M. Ingersoll Family Trust.
  • Between November 2023 and February 2024, Ingersoll acquired 66.1715 shares of VVI common stock under the Viad Corp 401(k) plan.
  • Following these transactions, Ingersoll directly owns 34,314 shares and indirectly owns 108,327 shares through a family trust and 7,150.69 shares through a 401(k).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions related to compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. This filing is typical for executives receiving stock-based compensation.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding insider transactions.
  • The transactions have a minimal impact on the company's overall financial position.

Key Dates

DateDescription
02/23/2021Date of Restricted Stock Units grant related to tax surrender.
02/23/2022Date of Restricted Stock Units grant related to tax surrender.
11/2023Start date of period during which shares were acquired under the 401(k) plan.
02/2024End date of period during which shares were acquired under the 401(k) plan.
02/23/2024Date of transactions: RSU vesting and share surrender for taxes.
02/27/2024Date of Form 4 filing.

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