Form 4: Acacia Research Corp: Interim CFO Kirsten Hoover Reports Stock Transaction
SEC Filing
Interim CFO Kirsten Hoover reports disposition of shares to cover tax obligations related to vesting of restricted stock.
Summary
- On June 7, 2024, Kirsten Hoover, Interim CFO of Acacia Research Corp, disposed of 6,445 shares of ACTG common stock to satisfy tax withholding obligations.
- The shares were disposed of at a price of $5.19 per share.
- Following the transaction, Hoover directly owns 102,303 shares of ACTG common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes.
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 tax obligation fulfillment related to stock vesting, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of stock transaction (disposal of shares). |
| 06/07/2024 | Vesting date of 18,063 shares of restricted stock. |
| 06/11/2024 | Date of signature on the Form 4 filing. |
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