Form 4: Ampco Pittsburgh CEO Brett McBrayer Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Brett McBrayer disposed of 9,819 shares of Ampco Pittsburgh Corp to cover tax liabilities related to the vesting of restricted stock units.
Summary
- On May 6, 2024, Brett McBrayer, CEO of Ampco Pittsburgh Corp, disposed of 9,819 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of restricted stock units granted in 2022.
- The shares were disposed of at a price of $2.04 per share.
- Following the transaction, McBrayer directly owns 330,954 shares of Ampco Pittsburgh Corp.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of a stock transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested stock, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of transaction: Disposal of shares to cover tax liability. |
| 05/08/2024 | Date of signature by attorney-in-fact. |
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