Form 4: American Woodmark CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael Scott Culbreth, President & CEO of American Woodmark Corp, disposed of 12,608 shares of common stock on June 7, 2024, to cover tax withholding liabilities related to RSU payments.
Summary
- On June 7, 2024, Michael Scott Culbreth, the President & CEO of American Woodmark Corp, disposed of 12,608 shares of common stock.
- The transaction was executed to satisfy required tax withholding liabilities in connection with the payment of Restricted Stock Units (RSUs).
- The shares were sold at a price of $86.11 per share.
- Following the transaction, Culbreth directly owns 117,232 shares of American Woodmark Corp.
- The transaction was reported on Form 4, filed with the SEC on June 10, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations.
Industry Context
Executive stock transactions are a common occurrence, often related to compensation and tax planning. The sale of shares to cover tax obligations related to RSU vesting is a typical practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of transaction: Sale of shares to cover tax withholding. |
| 06/10/2024 | Date of filing: Form 4 filed with the SEC. |
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