Form 4: 3D Systems EVP Phyllis B. Nordstrom Reports Stock Disposal for Tax Obligations

Phyllis B. Nordstrom, EVP & CHRO of 3D Systems Corp, reported disposing of 4,142 shares of common stock on March 15, 2024, to cover tax withholding obligations.

Summary

• Phyllis B. Nordstrom, an Executive Vice President and CHRO at 3D Systems Corp, filed a Form 4 on March 18, 2024.
• The form reports a transaction that occurred on March 15, 2024, where 4,142 shares of common stock were disposed of.
• The disposal was to satisfy tax withholding obligations related to the vesting of restricted stock granted on March 15, 2022.
• The price per share for the transaction was $4.55.
• Following the transaction, Nordstrom directly owns 94,843 shares of 3D Systems Corp.
• The transaction was executed under transaction code 'F', indicating it was for the payment of taxes.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to tax obligations, with no indication of positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction to cover tax obligations upon vesting of restricted stock, which is a common practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.

Key Dates