Form 4: Aflac Executive Frederic Simard Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Frederic Simard, SVP and CFO of Aflac U.S., reported the disposal of 483 shares of common stock to cover tax obligations related to equity compensation.
Summary
- On September 13, 2024, Frederic Jean Guy Simard, SVP, CFO, Aflac U.S., disposed of 483 shares of Aflac Incorporated (AFL) common stock.
- The transaction was executed to cover tax obligations.
- The price per share was $108.59.
- Following the transaction, Simard directly owns 3,523 shares of Aflac common stock.
- Simard also indirectly owns 377 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects 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 practice of covering tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of stock disposal transaction |
| 09/16/2024 | Date of Form 4 signature |
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