Form 4: Agilysys CFO William David Wood III Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Agilysys CFO William David Wood III sold 588 shares of common stock on November 1, 2024, to cover withholding tax obligations.
Summary
- William David Wood III, the Chief Financial Officer of Agilysys, Inc., sold 588 shares of common stock on November 1, 2024.
- The sale was executed at a price of $100.86 per share.
- The transaction was conducted to cover withholding tax obligations arising from the vesting of restricted common stock on October 31, 2024.
- Following the transaction, Wood directly owns 49,479 shares of Agilysys common stock.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (sale of shares to cover taxes) by a company executive, which is neither particularly positive nor negative. It's a neutral event in the context of insider trading regulations.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation, particularly when dealing with restricted stock units. It's a common practice and doesn't necessarily indicate a lack of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Restricted Common Stock vested |
| 11/01/2024 | Date of transaction (sale of shares) |
| 11/04/2024 | Date of signature on the Form 4 filing |
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