Forman Alan N 4
Research Summary
AI-generated summary
BRC Group (RILY) EVP Alan Forman Receives Award, 3,741 Shares
What Happened
- Alan N. Forman, EVP, General Counsel and Secretary of BRC Group Holdings, had 3,741 shares withheld to cover taxes related to vested Restricted Stock Units. The shares were valued at $7.23 each, for a total of $27,047. The filing reports the shares as disposed (transaction code F), reflecting tax withholding rather than an open-market sale.
Key Details
- Transaction date and price: April 13, 2026 — 3,741 shares @ $7.23 each = $27,047.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: The shares were withheld by the company and remitted to cover taxes from RSUs granted Feb 24, 2023 and Mar 4, 2024 (footnote F1).
- Filing timeliness: Form filed Apr 15, 2026 for an Apr 13 transaction — within the normal Form 4 reporting window (not indicated as late).
Context
- This was a routine tax-withholding event tied to RSU vesting, not an open-market sale or purchase. Tax-withholding (code F) is common and typically does not signal a change in insider sentiment about the stock.