Form 4: Zeta Global Holdings Director William Landman Reports Changes in Beneficial Ownership
SEC Form 4
Director William Landman reports acquisition of Zeta Global Holdings Class A Common Stock through restricted stock awards and retainer payments.
Summary
- On July 1, 2024, William Landman, a director of Zeta Global Holdings Corp., reported changes in his beneficial ownership of Class A Common Stock.
- He acquired 8,241 shares of restricted stock with a price of $0, vesting in four equal installments starting July 1, 2025.
- He also acquired 1,416 shares of restricted stock at $17.65 per share as payment for his quarterly retainer for director services.
- Following these transactions, Landman directly owns 248,092 shares of Class A Common Stock.
- Additionally, he indirectly owns 66,664 shares through CMS Platinum Fund, L.P. and 607,165 shares held by his spouse.
- Landman disclaims beneficial ownership of the shares held by CMS except to the extent of his pecuniary interest.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine transactions and continued investment by a director.
Positives
- The acquisition of restricted stock demonstrates Landman's continued investment and alignment with the company's long-term success.
- The retainer payment in the form of restricted stock further aligns the director's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor positive impact on shareholder confidence due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction for acquisition of restricted stock and retainer payment. |
| 07/01/2025 | First vesting date for the restricted stock award. |
| 10/01/2025 | Second vesting date for the restricted stock award. |
| 01/01/2026 | Third vesting date for the restricted stock award. |
| 04/01/2026 | Fourth vesting date for the restricted stock award. |
| 07/03/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.