Advantage Solutions (ADV) CFO reports PSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Advantage Solutions Inc. Chief Financial Officer Christopher Growe reported equity compensation-related transactions involving Class A Common Stock and performance-based awards. On June 12, 2026, a Performance Restricted Stock Unit (PSU) award originally granted on June 12, 2023 vested, resulting in the exercise of 3,971 PSUs into Class A Common Stock.
To cover tax withholding requirements on the vesting of restricted stock units and PSUs, 2,162 shares of Class A Common Stock were withheld by the company at a price of $39.20 per share. Following these transactions, Growe directly owned 41,542 shares of Class A Common Stock and indirectly held 9,760 shares through a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,971 shares exercised/converted
Mixed
4 txns
Insider
Growe Christopher
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Unit | 3,971 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,971 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,162 | $39.20 | $85K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Unit — 0 shares (Direct, null);
Class A Common Stock — 43,704 shares (Direct, null);
Class A Common Stock — 9,760 shares (Indirect, By Family Trust)
Footnotes (1)
- Represents the vesting of a Performance Restricted Stock Unit ("PSU") award originally granted on June 12, 2023. Represents shares withheld by the Company to satisfy tax withholding requirements on vesting of restricted stock units and the PSUs.
Key Figures
PSUs vested: 3,971 units
Shares withheld for taxes: 2,162 shares
Withholding price: $39.20 per share
+2 more
5 metrics
PSUs vested
3,971 units
Performance Restricted Stock Unit award vested on June 12, 2026
Shares withheld for taxes
2,162 shares
Withheld to satisfy tax withholding on RSUs and PSUs
Withholding price
$39.20 per share
Price used for shares withheld for tax obligations
Direct holdings after transactions
41,542 shares
Class A Common Stock directly owned following the Form 4 transactions
Indirect holdings via family trust
9,760 shares
Class A Common Stock held indirectly through a family trust
Key Terms
Performance Restricted Stock Unit, tax withholding requirements, derivative security, family trust
4 terms
Performance Restricted Stock Unit financial
"Represents the vesting of a Performance Restricted Stock Unit ("PSU") award originally granted on June 12, 2023."
tax withholding requirements financial
"Represents shares withheld by the Company to satisfy tax withholding requirements on vesting of restricted stock units and the PSUs."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
family trust financial
"Class A Common Stock ... indirect ... nature_of_ownership: By Family Trust"
FAQ
What did Advantage Solutions (ADV) CFO Christopher Growe report in this Form 4?
CFO Christopher Growe reported vesting of a Performance Restricted Stock Unit award converting into 3,971 Class A shares, plus 2,162 shares withheld by the company to cover tax obligations, along with updated direct and indirect share holdings.