Form 4: Adtalem Global Education CFO Robert Phelan Reports Tax Withholding Transaction
SEC Form 4 Filing
Robert J. Phelan, CFO of Adtalem Global Education Inc., reports the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
Summary
- On May 12, 2024, Robert J. Phelan, the Chief Financial Officer of Adtalem Global Education Inc., reported a transaction related to the satisfaction of tax withholding obligations.
- This transaction involved 1,567 shares of common stock disposed of at a price of $64.8.
- Following the transaction, Phelan directly owns 43,365 shares of Adtalem Global Education Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their impact on their holdings. This transaction is related to tax obligations arising from vested stock, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 05/12/2024 | Date of transaction: disposal of shares for tax withholding. |
| 05/14/2024 | Date of signature by attorney-in-fact. |
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