Form 4: Virtus Investment Partners EVP Mardelle Pena Reports Stock Transactions
SEC Form 4 Filing
Mardelle Pena, EVP and Chief HR Officer of Virtus Investment Partners, reports the acquisition and disposition of common stock related to restricted stock units and tax obligations.
Summary
- On March 15, 2024, Mardelle W. Pena, EVP and Chief HR Officer of Virtus Investment Partners, engaged in transactions involving the company's common stock.
- Pena acquired 345 shares of common stock at $0 related to the vesting of restricted stock units (RSUs).
- She also disposed of 109 shares at $231.33 to cover tax withholding obligations from the vesting of RSUs.
- An additional 254 shares were disposed of at $231.33 to satisfy tax obligations related to RSUs granted under the company's Long Term Incentive Plans.
- Following these transactions, Pena beneficially owns 16,307 shares of Virtus Investment Partners common stock, including RSUs scheduled to vest in 2025 and 2026.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The vesting of RSUs indicates that performance and time-based conditions have been met, which could be seen as a positive sign.
Future Outlook
The document does not contain specific forward-looking statements, but it mentions RSUs vesting in 2025 and 2026.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing is specific to Virtus Investment Partners and doesn't provide broader industry context.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of Power of Attorney execution. |
| 03/15/2024 | Date of stock acquisition and disposition transactions. |
| 03/19/2024 | Date of Form 4 signature. |
| 03/14/2025 | Scheduled vesting date for 609 RSUs. |
| 03/13/2026 | Scheduled vesting date for 341 RSUs. |
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