Form 4: Alto Ingredients CFO Robert Olander Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert Olander, CFO of Alto Ingredients, disposed of 15,178 shares of common stock on April 1, 2024, to cover withholding taxes upon the vesting of restricted stock.
Summary
- On April 1, 2024, Robert R. Olander, the Chief Financial Officer of Alto Ingredients, Inc. disposed of 15,178 shares of common stock.
- The transaction was executed to cover withholding taxes associated with the vesting of restricted stock.
- The shares were disposed of at a price of $2.29 per share.
- Following the transaction, Olander directly owns 217,706 shares of Alto Ingredients, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine disposal of shares to cover tax obligations and doesn't necessarily indicate a positive or negative outlook on the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is related to tax obligations and may not reflect a change in the executive's long-term outlook for the company.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Robert Olander disposed of shares to cover withholding taxes. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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