Form 4: Ameriprise Financial Executive Sells Shares to Cover Tax Obligations

Gerard P. Smyth, EVP & CIO of Ameriprise Financial, sold 111 shares of common stock to cover tax obligations.

Summary

• Gerard P. Smyth, an Executive Vice President and Chief Information Officer at Ameriprise Financial, sold 111 shares of the company's common stock.
• The transaction occurred on January 26, 2025.
• The shares were sold at a price of $563.58 per share.
• This sale was conducted to cover tax obligations related to previously vested shares.
• Following the transaction, Mr. Smyth directly owns 3,741 shares of Ameriprise Financial stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, especially around vesting periods, and are often used to cover tax liabilities. This transaction is not unusual for executives at publicly traded companies.

Comparison to Industry Standards

• Executive stock sales are a common practice across the financial services industry, with executives often selling shares to manage personal finances and tax obligations.
• Similar transactions are regularly reported by executives at companies like BlackRock, Morgan Stanley, and Goldman Sachs.
• The volume of shares sold is relatively small compared to the total holdings of the executive, which is typical for tax-related sales.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as it is a routine executive stock sale.

Key Dates

Keywords

Ameriprise Financial, Gerard P. Smyth, stock sale, insider trading, executive compensation, Form 4, tax obligations