Form 4: Acacia Research Corp CEO McNulty Reports Stock Transaction
SEC Form 4 Filing
CEO Martin D. McNulty Jr. of Acacia Research Corp reports disposition of shares to cover tax obligations related to vesting of restricted stock.
Summary
- On June 7, 2024, Martin D. McNulty Jr., CEO of Acacia Research Corp, disposed of 10,506 shares of ACTG common stock to satisfy tax withholding obligations.
- The shares were withheld at a price of $5.19 per share.
- Following the transaction, McNulty directly owns 187,621 shares of ACTG.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of a stock transaction related to tax obligations, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine procedure for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of stock transaction and vesting of restricted stock. |
| 06/11/2024 | Date of signature on the Form 4 filing. |
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