Form 4: Agilysys Inc. Controller Chris J. Robertson Sells Shares to Cover Tax Obligations
SEC Form 4
Chris J. Robertson, Controller of Agilysys Inc., sold a portion of his common stock to cover withholding tax obligations arising from the vesting of restricted stock.
Summary
- On July 1, 2024, Chris J. Robertson, Controller of Agilysys Inc., sold 131 shares of common stock at a price of $102.03.
- On July 2, 2024, Robertson sold 129 shares of common stock at a price of $102.78.
- These sales were executed to cover withholding tax obligations related to the vesting of restricted common stock on June 30, 2024.
- Following these transactions, Robertson directly owns 26,888 shares of Agilysys Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. The stock sales are related to tax obligations and do not necessarily indicate a positive or negative outlook on the company.
Industry Context
This is a routine Form 4 filing related to insider stock sales to cover tax obligations, which is a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Vesting of restricted Common Stock |
| 07/01/2024 | Sale of 131 shares of Common Stock |
| 07/02/2024 | Sale of 129 shares of Common Stock |
| 07/03/2024 | Date of signature on the Form 4 filing |
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