Form 4: Advantage Solutions Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Bevin Conley, Chief Accounting Officer of Advantage Solutions Inc., disposed of 1,347 shares of Class A Common Stock to satisfy tax withholding requirements.
Summary
- On September 3, 2024, Bevin Conley, the Chief Accounting Officer of Advantage Solutions Inc., disposed of 1,347 shares of Class A Common Stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The price per share was $3.74.
- Following the transaction, Conley directly owns 195,066 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of transaction: Bevin Conley disposed of shares to cover tax obligations. |
| 09/05/2024 | Date of signature on the Form 4 filing. |
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