4/A: Align Technology Executive Corrects Beneficial Ownership After Tax Withholding Error

Stuart Hockridge, EVP Global HR at Align Technology, files an amended Form 4 to correct the reported beneficial ownership of shares due to an administrative error in tax withholding.

Summary

• Stuart Hockridge, EVP Global HR at Align Technology, filed an amended Form 4 (Form 4/A) with the SEC on April 4, 2024.
• This amendment corrects a previous filing from February 22, 2024, regarding changes in beneficial ownership.
• The correction addresses an administrative error that resulted in the under-withholding of 7 shares for tax payments.
• These 7 shares have been refunded to Hockridge and are now included in his reported beneficial ownership, bringing the total to 9,667 shares.
• The filing confirms Hockridge's direct ownership of Align Technology common stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a regulatory filing. It doesn't indicate any significant positive or negative developments for the company, but accuracy in reporting is always viewed favorably.

Industry Context

This is a routine regulatory filing related to executive stock ownership and is specific to Align Technology and its executive, Stuart Hockridge. It doesn't reflect broader industry trends.

Stakeholder Impact

• The correction ensures accurate reporting of executive stock ownership, which is important for transparency to shareholders.

Key Dates