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 541 shares of common stock on May 17, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 17, 2024, Brett R. Hagen, the Chief Accounting Officer of Allovir, Inc., sold 541 shares of the company's 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 $0.7493, with individual transactions ranging from $0.74 to $0.7615.
- Following the transaction, Hagen directly owns 75,481 shares of Allovir, Inc. common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes on vested stock). It's neutral in sentiment as it doesn't convey any positive or negative outlook for the company.
Industry Context
Sales of shares to cover tax obligations are a routine part of equity compensation and are not necessarily indicative of the officer's sentiment towards the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of stock sale transaction. |
| 05/21/2024 | Date of signature on the SEC Form 4 filing. |
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