Massey Ben 4
4 · Open Lending Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Open Lending (LPRO) GC Ben Massey Receives 24,736 Shares
What Happened
Ben Massey, General Counsel of Open Lending Corp (LPRO), had restricted stock units (RSUs) vest on March 15, 2026. A total of 24,736 shares converted from RSUs into common stock at no exercise price (reported as $0). To satisfy tax withholding obligations, 6,021 shares were surrendered at $1.45 per share for a total withholding of $8,730 (per the filing). Net shares delivered to Massey after withholding were 18,715.
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely within reporting window).
- Vesting/conversion: 24,736 shares acquired via conversion of RSUs (reported as Exercise/Conversion, code M) at $0.00.
- Tax withholding: 6,021 shares disposed (code F) at $1.45 per share; total withholding reported $8,730.
- Net shares received: 18,715 (24,736 vested minus 6,021 withheld).
- Shares owned after transaction: Not specified in the provided entries.
- Footnotes from the filing: these were RSUs that vested on March 15, 2026; each RSU equals one share and converted into common stock; withholding reflects shares surrendered to cover tax liability.
Context
This was not an open-market buy or sale for cash but a routine vesting/settlement of executive RSUs with shares withheld to pay taxes (a common practice). The filing shows conversion of derivative awards (RSUs) into shares and a portion withheld—no cash purchase was reported.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.01 per share
[F1]2026-03-15+4,520→ 15,277 total - Tax Payment
Common Stock, par value $0.01 per share
2026-03-15$1.45/sh−1,100$1,595→ 14,177 total - Exercise/Conversion
Common Stock, par value $0.01 per share
[F1]2026-03-15+6,250→ 20,427 total - Tax Payment
Common Stock, par value $0.01 per share
2026-03-15$1.45/sh−1,521$2,205→ 18,906 total - Exercise/Conversion
Common Stock, par value $0.01 per share
[F1]2026-03-15+13,966→ 32,872 total - Tax Payment
Common Stock, par value $0.01 per share
2026-03-15$1.45/sh−3,400$4,930→ 29,472 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-03-15−4,520→ 171,993 total→ Common Stock, par value $0.01 per share (4,520 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-03-15−6,250→ 165,743 total→ Common Stock, par value $0.01 per share (6,250 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-03-15−13,966→ 151,777 total→ Common Stock, par value $0.01 per share (13,966 underlying)
Footnotes (3)
- [F1]Reflects restricted stock units that upon vesting converted into shares of LPRO common stock.
- [F2]Each restricted stock unit represents a contingent right to receive one share of LPRO common stock.
- [F3]These restricted stock units vested on March 15, 2026.