Form 4: Virtus Investment Partners EVP Richard Smirl Disposes of Shares to Cover Tax Obligations
SEC Form 4
Richard W. Smirl, EVP & Chief Operating Officer of Virtus Investment Partners, disposed of 435 shares of common stock to cover tax withholding obligations arising from vesting RSUs.
Summary
- On May 2, 2025, Richard W. Smirl, EVP & Chief Operating Officer of Virtus Investment Partners, disposed of 435 shares of common stock.
- The disposition was an exempt transaction to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs previously reported.
- The price per share was $159.23.
- Following the transaction, Smirl beneficially owns 13,146.97 shares of common stock.
- This number includes shares acquired through the Employee Stock Purchase Plan and RSUs scheduled to vest in March 2026, March 2027, and March 2028.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transactions. It doesn't convey any particularly positive or negative sentiment.
Future Outlook
The document mentions RSUs scheduled to vest in March 2026, March 2027, and March 2028, indicating future equity compensation for the reporting person.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock. This filing indicates that an executive is managing their equity compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/02/2025 | Date of transaction: Richard Smirl disposed of 435 shares of common stock. |
| 05/05/2025 | Date of signature on the Form 4 filing. |
| 03/13/2026 | 2,657 RSUs are scheduled to vest. |
| 03/15/2027 | 1,683 RSUs are scheduled to vest. |
| 03/15/2028 | 962 RSUs are scheduled to vest. |
Keywords
Form 4, Virtus Investment Partners, VRTS, Richard Smirl, Executive Compensation, Stock Disposal, RSUs, Tax Withholding, Beneficial Ownership
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