4/A: Viad Corp Executive David W. Barry Corrects Stock Ownership Reporting

David W. Barry, President of Pursuit at Viad Corp, files an amended Form 4/A to correct errors in the reporting of stock awards and tax withholdings related to Performance Restricted Stock Units (PRSUs).

Summary

• David W. Barry, President of Pursuit at Viad Corp, filed an amended Form 4/A on March 27, 2024, to correct errors in a previous filing from February 27, 2024.
• The amendment addresses inaccuracies in the number of shares earned and surrendered for taxes related to Performance Restricted Stock Units (PRSUs) awarded on March 29, 2022.
• The corrected filing shows that Mr. Barry acquired 23,026 shares of common stock at $0.00 per share due to the vesting of PRSUs.
• Additionally, 10,199 shares were surrendered for taxes at a price of $33.91 per share in connection with the vesting of the PRSUs.
• Following these transactions, Mr. Barry directly owns 72,000 shares of Viad Corp common stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a regulatory filing. It doesn't indicate any fundamental issues with the company, but the need for correction suggests a minor lapse in internal controls. Overall, the sentiment is neutral to slightly positive due to the transparency.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the holdings of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include stock-based awards like PRSUs to align management's interests with those of shareholders.
• The reporting requirements outlined in Section 16(a) of the Securities Exchange Act of 1934 are standard practice for ensuring transparency in insider trading.
• Companies like Vail Resorts, Cedar Fair, and SeaWorld also utilize stock-based compensation for their executives, with similar reporting requirements.

Stakeholder Impact

• The correction of the filing ensures accurate information for shareholders regarding executive stock ownership.
• The filing has minimal impact on employees, customers, suppliers, or creditors.

Key Dates