Form 4: Alto Ingredients Executive Auste M. Graham Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Auste M. Graham, General Counsel, VP & Secretary of Alto Ingredients, Inc., disposed of 14,971 shares of common stock on April 1, 2024, to cover withholding taxes upon vesting of restricted stock.
Summary
- On April 1, 2024, Auste M. Graham, General Counsel, VP & Secretary of Alto Ingredients, Inc., reported a transaction involving the disposal of company stock.
- A total of 14,971 shares of common stock were disposed of at a price of $2.29 per share.
- This transaction was executed to cover withholding taxes associated with the vesting of restricted stock.
- Following the transaction, Graham directly owns 230,124 shares of Alto Ingredients, Inc.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This specific filing indicates a common practice of covering tax obligations related to stock vesting.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Disposal of 14,971 shares of common stock. |
| 04/02/2024 | Date of signature on the Form 4 report. |
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