Form 4: Alector's Chief Medical Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Gary Romano, Chief Medical Officer of Alector, Inc., sold 6,001 shares of common stock on March 4, 2024, to satisfy tax obligations related to vesting restricted stock units.
Summary
- On March 4, 2024, Gary Romano, the Chief Medical Officer of Alector, Inc. (ALEC), sold 6,001 shares of the company's common stock.
- The sale was executed to cover tax obligations arising from the vesting of restricted stock units (RSUs).
- The shares were sold at a weighted average price of $6.9245, with individual transactions ranging from $6.9238 to $6.9247.
- Following the transaction, Romano directly owns 196,313 shares of Alector common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (stock sale for tax obligations) by a company insider, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are routine and provide transparency into the transactions of company insiders. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of the stock sale transaction. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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