Form 4: Vivid Seats CFO Lawrence Fey Reports Stock Transactions
SEC Form 4 Filing
Lawrence Fey, CFO of Vivid Seats Inc., reports the vesting and settlement of restricted stock units (RSUs) into Class A common stock.
Summary
- On March 11, 2024, Lawrence Fey, the Chief Financial Officer of Vivid Seats Inc., reported transactions involving Restricted Stock Units (RSUs) converting into Class A Common Stock.
- Specifically, 95,303 RSUs vested and settled into Class A Common Stock, and an additional 16,244 RSUs also vested and settled.
- Following these transactions, Fey directly owns 337,756 shares of Class A Common Stock and 190,610 RSUs.
- The RSUs vest in installments, with the remainder of the reported RSUs vesting quarterly until March 11, 2026.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not contain any information that would significantly impact sentiment positively or negatively.
Future Outlook
The remaining RSUs will continue to vest in quarterly installments until March 11, 2026.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The vesting of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/11/2023 | One-third of the 16,244 RSUs vested and settled. |
| 03/11/2024 | 95,303 and 16,244 RSUs vested and settled into Class A Common Stock. |
| 03/11/2025 | Remaining RSUs from the 16,244 grant will be fully vested. |
| 03/11/2026 | Remaining RSUs from the 95,303 grant will be fully vested. |
| 03/13/2024 | Date of signature for the Form 4 filing. |
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