Form 4: 3D Systems EVP Phyllis Nordstrom Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Phyllis Nordstrom, EVP & CHRO of 3D Systems Corp, disposed of 2,763 shares of common stock on August 30, 2024, to cover tax withholding obligations related to the vesting of restricted stock.
Summary
- On August 30, 2024, Phyllis B. Nordstrom, EVP & CHRO of 3D Systems Corp, disposed of 2,763 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock granted on August 30, 2021.
- The shares were disposed of at a price of $2.14 per share.
- Following the transaction, Nordstrom directly owns 82,132 shares of 3D Systems Corp.
- A Power of Attorney was executed on August 27, 2024, appointing Andrew Wright and Rebecca McClaflin as attorneys-in-fact to handle SEC filings related to Section 16(a) of the Securities Exchange Act of 1934.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/30/2021 | Original grant date of restricted stock. |
| 08/27/2024 | Date of Power of Attorney execution. |
| 08/30/2024 | Date of share disposal transaction. |
| 09/03/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.