Form 4: Ampco Pittsburgh CEO Brett McBrayer Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Brett McBrayer disposed of 8,712 shares of Ampco Pittsburgh Corp to cover tax liabilities related to the vesting of restricted stock units.
Summary
- On May 13, 2024, Brett McBrayer, CEO of Ampco Pittsburgh Corp, disposed of 8,712 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of restricted stock units granted in 2021.
- The shares were disposed of at a price of $1.87 per share.
- Following the transaction, McBrayer directly owns 322,242 shares of Ampco Pittsburgh Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider stock transactions for tax purposes, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: disposal of shares to cover tax liability. |
| 05/15/2024 | Date of signature on the Form 4 filing. |
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