Form 4: AdvanSix SVP Michael Preston Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Michael Preston, SVP & Chief Financial Officer of AdvanSix Inc., reports the disposition of 3,745 shares of common stock to cover tax obligations related to vested Restricted Stock Units.
Summary
- On February 24, 2024, Michael Preston, the SVP & Chief Financial Officer of AdvanSix Inc., disposed of 3,745 shares of common stock.
- The shares were withheld to satisfy tax withholding obligations related to Restricted Stock Units that vested on the same date.
- The transaction was executed at a price of $27.81 per share.
- Following the transaction, Preston directly owns 136,955 shares of AdvanSix Inc.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing detailing a common transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment, but the fact that the executive is maintaining a significant ownership stake is mildly positive.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of transaction and vesting of Restricted Stock Units. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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