Form 4: Agilysys SVP, GC and Secretary Kyle C. Badger Sells 471 Shares to Cover Tax Obligations
SEC Form 4
Kyle C. Badger, SVP, GC and Secretary of Agilysys Inc, sold 471 shares of common stock on November 1, 2024, to cover withholding tax obligations.
Summary
- On November 1, 2024, Kyle C. Badger, the SVP, GC and Secretary of Agilysys Inc, sold 471 shares of the company's common stock.
- The sale was executed at a price of $100.86 per share.
- This transaction was done to fund withholding tax obligations arising from the vesting of restricted common stock on October 31, 2024.
- Following the transaction, Badger directly owns 115,117 shares of Agilysys Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) by an officer, which is neither particularly positive nor negative.
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.
Stakeholder Impact
- The sale has a minimal impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Vesting of restricted Common Stock |
| 11/01/2024 | Date of transaction: Sale of 471 shares |
| 11/04/2024 | Date of signature on the Form 4 filing |
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