Form 4: Acacia Research Corp: Interim CEO McNulty Reports Stock Transaction
SEC Form 4 Filing
Interim CEO Martin D. McNulty Jr. reports a transaction involving Acacia Research Corp (ACTG) common stock on March 11, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On March 11, 2024, Martin D. McNulty Jr., Interim CEO of Acacia Research Corp (ACTG), reported a transaction.
- The transaction involved the withholding of 8,263 shares of ACTG common stock to satisfy tax obligations.
- This withholding was related to the vesting of 20,000 shares of restricted stock on the same date.
- Following the transaction, McNulty directly owns 179,165 shares of ACTG common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and stock ownership. It doesn't inherently indicate 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 activity by the Interim CEO of Acacia Research Corp.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a standard practice.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock transaction and vesting of restricted stock. |
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