Form 4: American Vanguard CFO David T. Johnson Reports Changes in Beneficial Ownership

David T. Johnson, CFO of American Vanguard Corp, reports the forfeiture and surrender of common stock shares related to a performance share award.

Summary

• On September 3, 2024, David T. Johnson, CFO of American Vanguard Corp, reported changes in his beneficial ownership of the company's common stock.
• 2,664 shares were forfeited without consideration due to the degree of performance achieved under a performance share award granted on April 16, 2021.
• 1,108 shares were surrendered to cover tax withholding obligations for shares that vested under the same performance share award.
• Following these transactions, Johnson's directly held beneficial ownership decreased to 70,563 shares of common stock.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation. The forfeiture of shares due to unmet performance metrics is a slightly negative signal, but overall the document is neutral.

Negatives

• David T. Johnson forfeited 2,664 shares due to performance metrics not being met.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The forfeiture of shares may have a minor negative impact on shareholder sentiment.

Key Dates