Form 4: Agilysys Inc. Executive Kyle C. Badger Reports Stock Sales to Cover Tax Obligations
SEC Form 4
SVP, GC and Secretary of Agilysys Inc., Kyle C. Badger, reports selling shares of common stock to cover withholding tax obligations.
Summary
- On July 1, 2024, Kyle C. Badger, SVP, GC and Secretary of Agilysys Inc., sold 249 shares of common stock at a price of $102.03.
- On July 2, 2024, Badger sold 246 shares of common stock at a price of $102.78.
- These sales were executed to cover withholding tax obligations arising from the vesting of restricted common stock on June 30, 2024.
- Following these transactions, Badger directly owns 115,588 shares of Agilysys Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. The stock sales are related to tax obligations, not necessarily a reflection of the executive's view on the company's future prospects.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who sell shares to cover tax obligations related to stock vesting. It doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Vesting of restricted Common Stock |
| 07/01/2024 | Sale of 249 shares of Common Stock |
| 07/02/2024 | Sale of 246 shares of Common Stock |
| 07/03/2024 | Date of signature on the Form 4 filing |
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