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 281 shares of common stock on April 2, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On April 2, 2024, Brett R. Hagen, the Chief Accounting Officer of Allovir, Inc., sold 281 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 $0.772, with individual transactions ranging from $0.7513 to $0.7801.
- Following the transaction, Hagen still beneficially owns 78,572 shares of Allovir, Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes and doesn't indicate any significant positive or negative implications for the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. This particular filing relates to the sale of shares to cover tax obligations, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Date of the stock sale transaction. |
| 04/04/2024 | Date of signature on the Form 4 filing. |
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