Form 4: WAFD Inc. CEO Brent J. Beardall Reports Changes in Beneficial Ownership
SEC Form 4 Filing
WAFD Inc. CEO Brent J. Beardall reported a disposition of shares due to a divorce settlement and dividend reinvestment transactions.
Summary
- On October 31, 2024, Brent J. Beardall, the President & CEO of WAFD Inc., reported changes in his beneficial ownership of the company's common stock.
- He disposed of 29,396 shares to cover tax obligations at a price of $33.98 per share.
- Additionally, 22,627 shares were transferred to a third party as part of a divorce settlement agreement, resulting in the reporting person no longer having beneficial ownership of these securities.
- Following these transactions, Beardall directly owns 278,828 shares, which includes shares acquired through dividend reinvestment transactions and 119,688 stock units awarded pursuant to a Supplemental Executive Retirement Plan (SERP).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in stock ownership. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The change in ownership may be of interest to shareholders, but the impact is likely minimal as the transactions are related to tax obligations and a divorce settlement.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of the reported transactions: disposition of shares for tax obligations and transfer of shares due to divorce settlement. |
| 11/04/2024 | Date of signature by Kelli Holz, Attorney-in-fact. |
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