Form 4: American Well Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Paul McNeice, Chief Accounting Officer of American Well Corp, sold shares of Class A Common Stock to cover tax liabilities arising from the vesting and settlement of restricted stock units.
Summary
- On May 1, 2025, Paul McNeice, the Chief Accounting Officer of American Well Corp, sold 8 shares of Class A Common Stock at a price of $7.2077 per share.
- The sale was executed to cover tax obligations related to the vesting and settlement of restricted stock units.
- Following the transaction, McNeice directly owns 14,479 shares of American Well Corp.
- The sale was conducted through an automatic 'sell to cover' transaction and did not represent a discretionary trade by McNeice.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and has no inherent positive or negative implications for the company's overall outlook.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 2025-04-29 | Date of Power of Attorney execution. |
| 2025-05-01 | Date of stock sale transaction. |
| 2025-05-05 | Date of Form 4 filing. |
Keywords
Form 4, American Well Corp, AMWL, Paul McNeice, Chief Accounting Officer, Stock Sale, Tax Liabilities, Restricted Stock Units, Beneficial Ownership, Securities Exchange Act, Sell to Cover
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