Jefferies (JEF) president awarded 29,003 deferred shares and forfeits PSUs
Rhea-AI Filing Summary
Jefferies Financial Group President Brian P. Friedman reported routine equity compensation and adjustments in common stock holdings. He acquired 29,003 shares at $52.72 per share as a grant of deferred shares through dividend reinvestment in a transaction exempt under Rule 16b-3(d)(1) & (2). He also disposed of 464 shares back to the issuer at $0.00 per share due to forfeiture of performance share units tied to a recalculation of performance metrics, exempt under Rule 16b-3(e). Following these moves, he holds 2,060,978 shares directly, plus additional indirect holdings through a profit sharing plan, various trusts, and a family limited partnership, while disclaiming beneficial ownership beyond his pecuniary interest in the partnership’s shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 28,539 shares
Net Buy
6 txns
Insider
FRIEDMAN BRIAN P
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 29,003 | $52.72 | $1.53M |
| Disposition | Common Stock | 464 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,089,981 shares (Direct);
Common Stock — 1,216,578 shares (Indirect, By Reporting Person's Trusts);
Common Stock — 496,780 shares (Indirect, By Family Limited Partnership);
Common Stock — 1,800 shares (Indirect, By Trusts of which Reporting Person is Trustee);
Common Stock — 46,810 shares (Indirect, By Trustee of Profit Sharing Plan)
Footnotes (3)
- F1. Forfeiture of PSUs relating to prior equity grants due to recalculation of performance metrics. These transactions are exempt under Rule 16b-3(e) under the Securities Exchange Act of 1934.
- F2. Acquisition of deferred shares as a dividend reinvestment in a transaction exempt under Rule 16b-3(d)(1) & (2) under the Securities Exchange Act of 1934.
- F3. The Reporting Person disclaims beneficial ownership of the portion of shares held by the limited partnership in excess of his proportionate pecuniary interest in those shares.
Key Figures
Deferred share grant: 29,003 shares at $52.72
PSU forfeiture: 464 shares at $0.00
Direct holdings after transactions: 2,060,978 shares
+4 more
7 metrics
Deferred share grant
29,003 shares at $52.72
Grant/award acquisition of common stock as dividend reinvestment
PSU forfeiture
464 shares at $0.00
Disposition to issuer due to recalculation of performance metrics
Direct holdings after transactions
2,060,978 shares
Common stock directly owned following grant and forfeiture
Profit sharing plan holdings
46,810 shares
Indirect ownership by trustee of profit sharing plan
Trustee-held trusts
1,800 shares
Indirect ownership by trusts where reporting person is trustee
Family limited partnership
496,780 shares
Indirect holdings; beneficial ownership disclaimed beyond pecuniary interest
Reporting person’s trusts
1,216,578 shares
Indirect ownership via reporting person’s trusts
Key Terms
deferred shares, dividend reinvestment, Rule 16b-3(e), Rule 16b-3(d)(1) & (2), +2 more
6 terms
dividend reinvestment financial
"Acquisition of deferred shares as a dividend reinvestment in a transaction exempt"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Rule 16b-3(e) regulatory
"These transactions are exempt under Rule 16b-3(e) under the Securities Exchange Act"
Rule 16b-3(d)(1) & (2) regulatory
"transaction exempt under Rule 16b-3(d)(1) & (2) under the Securities Exchange Act"
Family Limited Partnership financial
"total_shares_following_transaction": "496780.0000" ... "By Family Limited Partnership""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Jefferies (JEF) President Brian Friedman report in this Form 4?
Brian Friedman reported an equity grant and a small forfeiture of Jefferies common stock. He received deferred shares via dividend reinvestment and returned some shares to the issuer after performance share units were recalculated, reflecting routine compensation-related adjustments rather than open-market trading.
What indirect Jefferies (JEF) holdings are associated with Brian Friedman?
The filing lists indirect holdings including 46,810 shares via a profit sharing plan, 1,800 shares via trusts where he is trustee, 496,780 shares via a family limited partnership, and 1,216,578 shares via his trusts. He disclaims beneficial ownership beyond his proportionate pecuniary interest in the partnership shares.
Are Brian Friedman’s Jefferies (JEF) Form 4 transactions open-market buys or sells?
No, the transactions are not open-market trades. The acquisition reflects a grant of deferred shares through dividend reinvestment, and the disposition is a forfeiture of performance share units back to the issuer, both treated as exempt transactions under Rule 16b-3 provisions.