Form 4: XAI Octagon Floating Rate & Alternative Income Trust: Vice President Acquires Shares Through Compensatory Award

Kimberly Ann Flynn, Vice President of XAI Octagon Floating Rate & Alternative Income Trust, acquired 3,004 common shares through a compensatory award.

Summary

• Kimberly Ann Flynn, a Vice President at XAI Octagon Floating Rate & Alternative Income Trust, acquired 3,004 common shares of beneficial ownership on December 18, 2024.
• These shares were obtained through a compensatory award from XMS Holdings LLC.
• Following this transaction, Ms. Flynn's total holdings decreased by 43,204 shares.
• The transaction was reported on January 13, 2025.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing, indicating a standard transaction. It is neither positive nor negative in terms of company performance.

Industry Context

This is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company officers.

Comparison to Industry Standards

• Reporting of insider transactions is a standard practice for all publicly traded companies in the US, as mandated by the SEC.
• The reporting requirements are consistent across the industry, ensuring transparency and preventing insider trading.
• Similar filings are made by officers and directors of other investment trusts and publicly traded companies.

Stakeholder Impact

• This transaction provides transparency to shareholders regarding insider activity.
• The transaction has a neutral impact on employees, customers, suppliers, and creditors.

Key Dates

Keywords

insider trading, beneficial ownership, compensatory award, share acquisition, XAI Octagon, XFLT, securities