Form 4: Alto Ingredients CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Alto Ingredients CEO Bryon T. McGregor sold 41,775 shares of common stock on April 1, 2024, to cover withholding taxes upon vesting of restricted stock.
Summary
- On April 1, 2024, Bryon T. McGregor, the President and CEO of Alto Ingredients, Inc., disposed of 41,775 shares of common stock.
- The transaction was executed at a price of $2.29 per share.
- The shares were withheld to cover withholding taxes associated with the vesting of restricted stock.
- Following the transaction, McGregor directly owns 797,265 shares of Alto Ingredients, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transaction is a routine sale of shares to cover tax obligations, which is a common practice and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock are a common practice among corporate executives and are generally not indicative of a negative outlook on the company.
Stakeholder Impact
- The sale of shares by the CEO could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Bryon T. McGregor disposed of 41,775 shares of common stock. |
| 04/02/2024 | Date of signature on the SEC Form 4. |
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