What is a transfer agent?
A transfer agent and registrar for a publicly held company keep records of every outstanding stock certificate and the name of the person to whom it is registered. When stock changes hands, the transfer agent transfers the ownership of the stock from the seller’s name to the buyer’s name. The registrar reconciles all transfer records and makes sure that the number of shares debited is equal to the number of shares credited. The Company’s transfer agent is Computershare Investor Services. The transfer agent does not maintain records of shares bought and sold through brokerage accounts. Those records are maintained by the specific brokerages through which the shares are bought and sold.
Public companies such as GATX employ a stock transfer agent to keep records of every outstanding stock certificate and the name of the person to whom it is registered. When stock is bought/sold, the transfer agent transfers the ownership of the stock from the seller’s name to the buyer’s name. The registrar reconciles all transfer records and makes sure that the number of shares debited is equal to the number of shares credited. GATX’s transfer agent is Mellon Investor Services. The transfer agent is responsible for transferring ownership of the Corporation’s publicly traded securities, and maintaining applicable records. The transfer agent also issues and cancels certificates, and typically responds to security holder inquiries, tallies proxies, issues dividend checks and more.
A transfer agent and registrar for a publicly held company keep records of every outstanding stock certificate and name of the person to whom it is registered. When stock changes hands, the transfer agent updates the records of ownership of the stock. The registrar reconciles all transfer records and makes sure that the number of shares debited is equal to the number of shares credited. Vivid’s transfer agent is Continental Stock Transfer and Trust Company. The transfer agent does not maintain records of shares bought and sold through brokerage accounts and held in “street name”. Those records are maintained by the specific brokerages through whom shares are bought and sold.
