4/A: Align Technology CFO Corrects Beneficial Ownership Reporting After Tax Withholding Error
SEC Filing
John Morici, EVP & CFO of Align Technology, files an amended Form 4 to correct the reported beneficial ownership of shares due to an administrative error in tax withholding.
Summary
- John Morici, the EVP & CFO of Align Technology, filed an amended Form 4 (Form 4/A) with the SEC on April 4, 2024.
- This amendment corrects the beneficial ownership of shares previously reported in a Form 4 filed on February 22, 2024.
- An administrative error led to an under-withholding of 7 shares for tax payments.
- These shares have been refunded to Morici and are now included in his reported beneficial ownership, bringing the total to 12,992 shares of common stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing. While it indicates a past error, the correction itself is a positive step towards transparency and compliance.
Negatives
- An administrative error led to an initial under-withholding of shares for tax payments, requiring a corrected SEC filing.
Industry Context
This is a routine regulatory filing related to insider stock ownership. Such filings are common for publicly traded companies and their executives.
Stakeholder Impact
- The correction of the filing ensures accurate information for shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/20/2024 | Date of earliest transaction. |
| 02/22/2024 | Date of original Form 4 filing. |
| 04/04/2024 | Date of amended Form 4/A filing. |
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