Form 4: American Woodmark Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert J. Adams JR, SVP of Manufacturing and Tech Operations at American Woodmark Corp, disposed of 3,029 shares to cover tax liabilities related to RSU payments.
Summary
- On June 7, 2024, Robert J. Adams JR, SVP of Manufacturing and Tech Operations at American Woodmark Corp, disposed of 3,029 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, Adams directly owns 35,402 shares of American Woodmark Corp.
- The transaction was reported on June 10, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't convey strong positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence and are often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of the transaction where shares were disposed of. |
| 06/10/2024 | Date the Form 4 was signed. |
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