[Form 4] BrightView Holdings, Inc. Insider Trading Activity
BrightView Holdings insider Jonathan M. Gottsegen reported routine equity activity related to time-based restricted stock units. Mr. Gottsegen, listed as EVP, CLO & Corporate Secretary, had 44,303 restricted stock units vest on 09/29/2025 that converted one-for-one into common shares. Of those, 15,974 shares were withheld to satisfy tax withholding at an indicated price of $13.22 per share. After the transactions, the filing shows 154,047 shares beneficially owned following acquisition items and 138,073 shares beneficially owned after the withholding disposition figure. The filing notes additional shares from the employee stock purchase plan and unvested restricted stock; unvested performance shares are excluded until earned.
- Alignment with shareholders: Vesting of time-based restricted stock units ties executive compensation to shareholder value.
- Transparency: Filing discloses exact share counts acquired and withheld, including post-transaction beneficial ownership totals.
- Share dilution: Conversion of RSUs increases shares outstanding attributable to insiders, modestly diluting existing holders.
- Tax withholding reduced net insider holdings: 15,974 shares were withheld, lowering the net increase in shares retained by the reporting person.
Insights
TL;DR: Routine executive compensation vesting; no new purchases or sales beyond tax-withholding.
The Form 4 documents a standard vesting event where time-based restricted stock units converted to common stock and a portion was withheld for taxes. This is a typical administrative transaction tied to compensation and does not indicate a change in corporate control or an opportunistic open-market sale. Reported beneficial ownership levels include ESPP and unvested restricted stock but exclude performance shares until earned.
TL;DR: Impact on float is immaterial; transaction reflects compensation settlement, not investment decision.
The conversion of 44,303 RSUs increases outstanding shares held by the insider but the simultaneous withholding of 15,974 shares to satisfy taxes reduces net newly issued shares to the reporting person. The filing provides explicit counts of shares before and after the transactions, and no derivative exercises or open-market trades beyond withholding are reported.