Form 4: Vivid Seats CEO Stanley Chia Reports Stock Transactions
SEC Form 4 Filing
Vivid Seats CEO Stanley Chia reports the acquisition of Class A Common Stock through the vesting and settlement of Restricted Stock Units (RSUs).
Summary
- On June 11, 2024, Stanley Chia, CEO of Vivid Seats Inc., reported transactions involving Class A Common Stock.
- These transactions involved the vesting and settlement of Restricted Stock Units (RSUs).
- 43,584 shares were acquired through the vesting of RSUs, resulting in a total of 585,344 shares directly owned.
- An additional 26,397 shares were acquired through the vesting of RSUs, resulting in a total of 611,741 shares directly owned.
- The RSUs vest in installments, with the remainder vesting quarterly until March 11, 2025, and March 11, 2026, respectively.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation.
Positives
- The vesting of RSUs indicates a continued alignment of the CEO's interests with those of the shareholders.
Future Outlook
The remaining RSUs will continue to vest and settle in equal quarterly installments until March 11, 2025, and March 11, 2026.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are part of the executive compensation plan.
Key Dates
| Date | Description |
|---|---|
| March 11, 2023 | One-third of the 26,397 RSUs vested and settled. |
| March 11, 2024 | One-third of the 43,584 RSUs vested and settled. |
| June 11, 2024 | Date of the reported transactions involving RSU vesting and stock acquisition. |
| March 11, 2025 | Remaining RSUs (26,397) vest and settle in equal quarterly installments until this date. |
| March 11, 2026 | Remaining RSUs (43,584) vest and settle in equal quarterly installments until this date. |
| June 13, 2024 | Date of signature for the SEC Form 4 filing. |
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