Form 4: Allient Inc. CFO Michael Leach Reports Tax Withholding Transaction
SEC Form 4 Filing
Michael Leach, CFO of Allient Inc., reports a transaction involving the withholding of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On April 1, 2024, Michael Leach, the Chief Financial Officer of Allient Inc. (ALNT), had shares of common stock withheld to cover tax obligations.
- A total of 3,448 shares were disposed of at a price of $34.43 per share to cover these obligations.
- Following the transaction, Leach directly owns 78,641 shares of Allient Inc. common stock.
- Leach also indirectly owns 2,242 shares through an ESOP Trust.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to tax obligations, which is neither particularly positive nor negative. It's a neutral event in terms of investment sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations. This filing indicates routine tax-related transactions and doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the transaction where shares were withheld for tax obligations. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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