Form 4: Adient PLC Executive Sells Shares to Cover Taxes

Gregory Scott Smith, SVP & Chief Accounting Officer of Adient plc, sold 272 ordinary shares to cover taxes related to vesting of restricted stock units.

Summary

• Gregory Scott Smith, a Senior Vice President and Chief Accounting Officer at Adient plc, reported a transaction involving the company's ordinary shares.
• On November 18, 2024, Mr. Smith sold 272 shares at a price of $19.75 per share.
• This sale was conducted to cover taxes due in connection with the vesting of restricted stock units or performance share units.
• Following the transaction, Mr. Smith directly owns 22,544.424 ordinary shares.
• Additionally, he indirectly owns 1,292.44 shares through the company's 401(k) Savings Plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units or performance share units vest.

Comparison to Industry Standards

• Executive stock sales to cover taxes are a common practice across publicly traded companies.
• The sale of 272 shares is a relatively small transaction and is not unusual for an executive at this level.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive to cover taxes.

Key Dates

Keywords

Adient plc, insider trading, Form 4, stock sale, executive, share transaction, restricted stock units, performance share units, tax withholding