Form 4: Allient Inc. Executive Kenneth May Reports Stock Transaction
SEC Form 4 Filing
Kenneth May, Chief Technology Officer of Allient Inc., reports disposition of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On April 1, 2024, Kenneth Arthur May, Chief Technology Officer of Allient Inc. (ALNT), disposed of 818 shares of common stock to cover tax withholding obligations.
- The shares were withheld at a price of $34.43 per share.
- Following the transaction, May directly owns 15,047 shares and indirectly owns 794 shares through an ESOP Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to vested stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock transaction where 818 shares were disposed of to cover tax obligations. |
| 04/03/2024 | Date of signature by Attorney-in-Fact for Kenneth A. May. |
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