Form 4: Allovir Inc. Chief Accounting Officer Hagen Brett R Sells Shares to Cover Tax Obligations

Chief Accounting Officer Hagen Brett R of Allovir, Inc. sold 1,692 shares of common stock on August 5, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On August 5, 2024, Brett R Hagen, the Chief Accounting Officer of Allovir, Inc., sold 1,692 shares of common stock.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• The shares were sold at a weighted average price of $0.7348, with individual transactions ranging from $0.73 to $0.75.
• Following the transaction, Hagen directly owns 72,525 shares of Allovir, Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reports a routine transaction to cover tax obligations, which is a normal part of executive compensation.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The sale of shares by an officer may have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates