Form 4: 3D Systems EVP Phyllis B. Nordstrom Reports Stock Transaction
SEC Form 4 Filing
Phyllis B. Nordstrom, EVP & CHRO of 3D Systems Corp, reports disposition of shares to cover tax obligations related to vesting restricted stock.
Summary
- Phyllis B. Nordstrom, an Executive Vice President & CHRO at 3D Systems Corp, filed a Form 4 with the SEC.
- The form reports a transaction that occurred on April 15, 2024.
- 8,218 shares of common stock were disposed of to satisfy tax withholding obligations.
- The price per share was $3.53.
- Following the transaction, Nordstrom directly owns 84,895 shares of 3D Systems Corp.
- The shares disposed of were related to the vesting of restricted stock granted on April 14, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vesting restricted stock, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/14/2023 | Date of original restricted stock grant |
| 04/15/2024 | Date of stock transaction (disposal of shares) |
| 04/17/2024 | Date of Form 4 filing |
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