Form 4: Wyndham Hotels & Resorts CFO Michele Allen Reports Stock Transactions
SEC Form 4
Michele Allen, CFO of Wyndham Hotels & Resorts, reports acquisition and disposal of company stock related to vesting of restricted stock units.
Summary
- On March 1, 2024, Michele Allen, the Chief Financial Officer of Wyndham Hotels & Resorts, acquired 4,851 shares of common stock upon the vesting of restricted stock units under the company's 2018 Equity and Incentive Plan.
- On the same day, 2,482 shares of common stock were withheld to cover tax liabilities associated with the vesting of these restricted stock units at a price of $75.97 per share.
- Following these transactions, Allen directly owns 22,990 shares of common stock and 72,116 restricted stock units.
- Additionally, she indirectly owns 55.09 shares of common stock through her spouse.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports routine stock transactions related to executive compensation.
Positives
- The vesting of restricted stock units aligns the CFO's interests with those of the shareholders.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving equity compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock acquisition and disposal due to vesting of restricted stock units and tax withholding. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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