Form 4: Agilysys Inc. Controller Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Chris J. Robertson, Controller of Agilysys Inc., sold 264 shares of common stock on November 1, 2024, to cover withholding tax obligations.
Summary
- On November 1, 2024, Chris J. Robertson, Controller of Agilysys Inc. (AGYS), sold 264 shares of common stock.
- 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, Robertson directly owns 22,624 shares of Agilysys Inc. common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations are a routine part of equity compensation plans and are not necessarily indicative of a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Restricted Common Stock vested. |
| 11/01/2024 | Date of stock sale transaction. |
| 11/04/2024 | Date of Form 4 filing. |
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