Eric Singer (NYSE: BNED) receives 23,867-share award, indirect stake 11,208,746
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Singer Eric reported acquisition or exercise transactions in this Form 4 filing.
Barnes & Noble Education director Eric Singer reported receiving a grant of 23,867 shares of common stock as a restricted stock award. These shares will vest on the earlier of one year from the grant date or the company’s next annual meeting of stockholders.
Following the grant, Singer holds 156,738 shares directly and 11,208,746 shares indirectly through Toro 18 Holdings LLC and related entities, reflecting a significant equity position associated with his role in a Section 13(d) group that collectively owns over 10% of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Singer Eric
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,867 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 156,738 shares (Direct);
Common Stock — 11,208,746 shares (Indirect, See Footnote)
Footnotes (1)
- This Form 4 is filed by Eric Singer (the "Reporting Person"). The Reporting Person is a member of a group with Toro 18 Holdings LLC ("Toro 18"), Immersion Corporation ("Immersion"), William C. Martin, Emily Hoffman and Elias Nader for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of common stock, par value $0.01 (the "Common Stock"). The Reporting Person disclaims beneficial ownership of the securities of the Issuer owned directly by other members of the Section 13(d) group except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. The other members of the Section 13(d) group will file separate Section 16 reports, as applicable. Grant of restricted shares that will vest on the earlier of one year from the date of grant or the Issuer's next annual meeting of stockholders. Securities owned directly by Toro 18. Immersion, as the sole member of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18. Mr. Singer, as the President and Chief Executive Officer of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18.
FAQ
What did Eric Singer report in his latest Form 4 for BNED?
Eric Singer reported receiving a grant of 23,867 restricted shares of Barnes & Noble Education common stock. The award increases his direct holdings and reflects equity-based compensation rather than an open-market purchase or sale.
Why is Eric Singer considered a more than 10% owner of Barnes & Noble Education?
Eric Singer is part of a Section 13(d) group with Toro 18 Holdings LLC, Immersion Corporation, and others that collectively beneficially owns over 10% of Barnes & Noble Education’s common stock, making him a more than 10% owner for reporting purposes.