Form 4: Ampco-Pittsburgh Corp Executive McAuley Reports Stock Disposal for Tax Obligations
SEC Form 4
Senior VP, CFO & Treasurer of Ampco-Pittsburgh Corp, Michael G McAuley, reports disposing of 1,770 shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On May 13, 2024, Michael G McAuley, Senior VP, CFO & Treasurer of Ampco-Pittsburgh Corp, disposed of 1,770 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, McAuley directly owns 133,468.635 shares of Ampco-Pittsburgh Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes and doesn't indicate a significant change in the executive's outlook on the company.
Industry Context
This is a routine Form 4 filing, reflecting insider transactions related to equity compensation. Such filings are common and provide transparency into executive stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of stock disposal transaction. |
| 05/15/2024 | Date of signature on the Form 4 filing. |
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