Form 4: American Vanguard Corp Executive Anne Turnbough Reports Forfeiture and Tax Withholding of Shares

Anne Turnbough, Vice President of Regulatory Affairs at American Vanguard Corp, reports the forfeiture of 1,328 common stock shares and the surrender of 377 shares for tax withholding related to a performance share award.

Summary

• On September 3, 2024, Anne Turnbough, Vice President of Regulatory Affairs at American Vanguard Corp, reported changes in her beneficial ownership of the company's common stock.
• She forfeited 1,328 shares without consideration due to the performance achieved versus comparator companies related to a performance share award made on April 16, 2021.
• Additionally, she surrendered 377 shares to cover tax withholding obligations for shares that vested under the same performance share award.
• Following these transactions, Turnbough directly owns 24,511 shares of American Vanguard Corp common stock.

Sentiment

Score: 4

Explanation: The document indicates underperformance relative to targets, leading to share forfeiture. While routine, this suggests potential concerns about the company's recent financial performance.

Negatives

• Anne Turnbough forfeited 1,328 shares due to the company's performance not meeting the required metrics.

Risks

• The forfeiture of shares indicates that the company's performance did not meet the targets set in the performance share award, which could be a concern for investors.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The forfeiture of shares based on performance metrics is a common practice in executive compensation.

Stakeholder Impact

• Shareholders may be concerned about the company's performance relative to its peers, as indicated by the share forfeiture.
• Employees may be impacted by the performance share award adjustments.

Key Dates