Form 4: Alexander & Baldwin CEO Lance K. Parker Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
CEO Lance K. Parker of Alexander & Baldwin, Inc. reports disposing of shares to cover tax withholding obligations from vested restricted stock units.
Summary
- On July 31, 2024, Lance K. Parker, the President and CEO of Alexander & Baldwin, Inc., reported a transaction involving the disposal of common stock.
- The transaction involved the withholding of 3,277 shares of common stock by the issuer to cover tax withholding obligations.
- The shares were withheld at a price of $19.71 per share.
- Following the transaction, Parker directly owns 176,951.235 shares of Alexander & Baldwin, Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and it doesn't necessarily indicate a positive or negative sentiment towards the company's future prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of stock disposal transaction. |
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