Director Cornog receives 1,614 BrightView (BV) shares as stock compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cornog William L reported acquisition or exercise transactions in this Form 4 filing.
BrightView Holdings, Inc. director William L. Cornog reported an equity compensation grant of common stock. He received 1,614 shares of BrightView common stock as vested director compensation in lieu of cash at $14.17 per share, bringing his direct holdings to 81,000 shares.
He also reported indirect holdings of BrightView common stock, including 5,000 shares as trustee for a living agent, 20,000 shares as manager of a family limited partnership, and 30,000 shares held in trusts benefiting his children, where he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Cornog William L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,614 | $14.17 | $23K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 81,000 shares (Direct, null);
Common Stock — 30,000 shares (Indirect, As trustee of trusts for children)
Footnotes (1)
- Represents vested shares of Issuer common stock issued as director compensation in lieu of cash. These shares are held through two separate trusts. Each trust benefits a child of the reporting person. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Director share grant: 1,614 shares
Grant valuation price: $14.17 per share
Direct holdings after grant: 81,000 shares
+3 more
6 metrics
Director share grant
1,614 shares
Vested common stock issued as director compensation in lieu of cash
Grant valuation price
$14.17 per share
Value used for the director stock compensation award
Direct holdings after grant
81,000 shares
BrightView common stock directly owned by Cornog after the award
Indirect living agent trust holdings
5,000 shares
Held as trustee for a living agent
Family limited partnership holdings
20,000 shares
Held indirectly as manager of a family limited partnership
Children’s trust holdings
30,000 shares
Held in trusts for children; beneficial ownership disclaimed except pecuniary interest
Key Terms
director compensation, family limited partnership, trustee, pecuniary interest
4 terms
director compensation financial
"Represents vested shares of Issuer common stock issued as director compensation in lieu of cash."
family limited partnership financial
"As manager of family limited partnership"
trustee financial
"As trustee of trusts for children"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein."
FAQ
What insider transaction did BrightView (BV) director William L. Cornog report?
BrightView director William L. Cornog reported receiving 1,614 shares of common stock as vested director compensation in lieu of cash. This equity award is a non-market grant rather than an open-market purchase or sale, and it increases his directly held BrightView share position.
Was Cornog’s BrightView (BV) Form 4 transaction an open-market buy or sell?
The Form 4 shows a grant of 1,614 BrightView shares as director compensation, not an open-market buy or sell. It is classified as a grant or award transaction, reflecting stock issued in lieu of cash fees rather than trading activity in the market.