Form 4: Agilysys CFO William David Wood III Sells Shares to Cover Tax Obligations

Agilysys CFO William David Wood III sold a portion of his common stock to cover withholding tax obligations arising from the vesting of restricted stock.

Summary

• On July 1, 2024, William David Wood III, CFO of Agilysys Inc., sold 163 shares of common stock at a price of $102.03.
• On July 2, 2024, Wood sold an additional 161 shares of common stock at a price of $102.78.
• These transactions were executed to cover withholding tax obligations related to the vesting of restricted common stock on June 30, 2024.
• Following these transactions, Wood directly owns 50,067 shares of Agilysys Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales to cover tax obligations. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sales by the CFO could have a minor, short-term impact on shareholders due to the increased supply of shares in the market.

Key Dates