Form 4: Allovir Inc. Chief Accounting Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Brett R. Hagen, Chief Accounting Officer of Allovir, Inc., sold 301 shares of common stock on October 3, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On October 3, 2024, Brett R. Hagen, the Chief Accounting Officer of Allovir, Inc., sold 301 shares of the company's common stock.
- The sale was executed at a price of $0.8148 per share.
- The transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Hagen directly owns 71,680 shares of Allovir, Inc. common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes). It doesn't indicate positive or negative sentiment.
Management Comments
- The sales were automatic and not in the discretion of the Reporting Person.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 10/03/2024 | Date of the stock sale transaction. |
| 10/04/2024 | Date of signature on the Form 4 filing. |
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