Form 4: Virtus Investment Partners Executive Barry Mandinach Sells Shares
SEC Form 4
Barry M. Mandinach, EVP, Head of Distribution at Virtus Investment Partners, sold shares of common stock in two transactions on May 17 and May 20, 2024.
Summary
- Barry M. Mandinach, an executive at Virtus Investment Partners, sold shares of the company's common stock.
- On May 17, 2024, he sold 77 shares at a price of $234 per share.
- On May 20, 2024, he sold 7,886 shares, also at $234 per share.
- Following these transactions, Mandinach directly owns 12,418 shares of Virtus Investment Partners common stock, a figure that includes 2,926 unvested RSUs.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating stock sales by an executive. It's neutral in sentiment as it simply reports transactions.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance. However, large or frequent sales can sometimes be viewed negatively by investors.
Stakeholder Impact
- The stock sales could have a minor impact on shareholder sentiment, depending on how the market interprets the transactions.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Sale of 77 shares of common stock. |
| 05/20/2024 | Sale of 7,886 shares of common stock. |
| 05/21/2024 | Date of signature by Attorney-in-Fact. |
| March 14, 2025 | Scheduled vesting date for 1,476 RSUs. |
| March 13, 2026 | Scheduled vesting date for 1,017 RSUs. |
| March 15, 2027 | Scheduled vesting date for 433 RSUs. |
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