Form 4: Vivid Seats CFO Lawrence Fey Reports Stock Transactions
SEC Form 4 Filing
Vivid Seats' Chief Financial Officer, Lawrence Fey, reported the vesting of 12,500 restricted stock units, increasing his direct holdings to 507,967 shares.
Summary
- Lawrence Fey, the Chief Financial Officer of Vivid Seats Inc., filed a Form 4 indicating a change in his beneficial ownership of the company's stock.
- On January 19, 2025, 12,500 restricted stock units (RSUs) vested, converting into 12,500 shares of Class A Common Stock.
- Following this transaction, Fey directly owns 507,967 shares of Class A Common Stock.
- The RSUs were part of a grant that began vesting in quarterly installments on January 19, 2022, and will be fully vested by October 19, 2025.
Sentiment
Score: 7
Explanation: The document is a routine filing related to executive compensation. It is neither positive nor negative, but rather a standard disclosure. The sentiment is neutral to slightly positive as it shows the CFO's continued stake in the company.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the holdings of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- The vesting schedule of the RSUs, with quarterly installments over a period of several years, is a common practice for executive compensation packages.
- Similar filings can be seen from other companies such as Ticketmaster (owned by Live Nation Entertainment) and StubHub, where executives regularly report changes in their beneficial ownership.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the CFO's interests with the company's performance.
- The vesting of RSUs is part of the executive compensation package and is not expected to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 01/19/2022 | The date the Restricted Stock Units began vesting in quarterly installments. |
| 01/19/2025 | The date 12,500 Restricted Stock Units vested and converted to Class A Common Stock. |
| 01/22/2025 | The date the Form 4 was signed by Lawrence Fey. |
| 10/19/2025 | The date the Restricted Stock Units will be fully vested. |
Keywords
Vivid Seats, Lawrence Fey, Form 4, Restricted Stock Units, RSU, Beneficial Ownership, Class A Common Stock, SEC Filing, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.