Form 4: WAFD Inc. Executive Kelli Holz Reports Stock Disposal to Cover Tax Obligations
SEC Filing
EVP & CFO of WAFD Inc., Kelli Holz, reports disposing of 5,168 shares of common stock to cover tax obligations.
Summary
- Kelli Holz, EVP & CFO of WAFD Inc., filed a Form 4 with the SEC on November 4, 2024.
- The report details a transaction on October 31, 2024, where Holz disposed of 5,168 shares of WAFD common stock.
- The shares were disposed of to satisfy tax obligations at a price of $33.98 per share.
- Following the transaction, Holz beneficially owns 86,881 shares of WAFD common stock, which includes shares acquired through dividend reinvestment and 49,870 stock units awarded pursuant to a Supplemental Executive Retirement Plan (SERP).
- Holz also holds non-qualified stock options to purchase additional shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an executive's stock transaction, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, allowing investors to track ownership changes and potential alignment with company performance.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes and does not indicate a change in the executive's long-term commitment to the company.
Key Dates
| Date | Description |
|---|---|
| 10/31/2021 | Date exercisable for Non-Qualified Stock Option (right to buy) at $28.16, expiring 10/31/2028 |
| 10/31/2022 | Date exercisable for Non-Qualified Stock Option (right to buy) at $36.46, expiring 10/31/2029 |
| 10/31/2023 | Date exercisable for Non-Qualified Stock Option (right to buy) at $26.12, expiring 10/31/2030 |
| 10/31/2024 | Date of stock disposal and date exercisable for Non-Qualified Stock Option (right to buy) at $32.49, expiring 10/31/2031 |
| 11/04/2024 | Date of Form 4 filing |
| 10/31/2028 | Expiration date for Non-Qualified Stock Option (right to buy) at $28.16 |
| 10/31/2029 | Expiration date for Non-Qualified Stock Option (right to buy) at $36.46 |
| 10/31/2030 | Expiration date for Non-Qualified Stock Option (right to buy) at $26.12 |
| 10/31/2031 | Expiration date for Non-Qualified Stock Option (right to buy) at $32.49 |
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