Form 4: 3D Systems EVP Andrew Johnson Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Andrew Johnson, EVP, Chief Legal Officer & Secretary of 3D Systems, disposed of 7,595 shares of common stock on April 15, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On April 15, 2024, Andrew Johnson, the EVP, Chief Legal Officer & Secretary of 3D Systems Corp, disposed of 7,595 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock granted on April 14, 2023.
- The shares were disposed of at a price of $3.53 per share.
- Following the transaction, Johnson directly owns 219,690 shares of 3D Systems Corp.
- The transaction was reported on April 17, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine tax-related stock disposal.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 04/14/2023 | Original grant date of restricted stock |
| 04/15/2024 | Date of stock disposal for tax withholding |
| 04/17/2024 | Date of Form 4 filing |
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