Form 4: Ampco-Pittsburgh Corp Executive McAuley Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Senior VP, CFO & Treasurer of Ampco-Pittsburgh Corp, Michael G McAuley, disposed of 2,180 shares of common stock on May 6, 2024, to cover tax liabilities related to vesting of restricted stock units.
Summary
- On May 6, 2024, Michael G McAuley, Senior VP, CFO & Treasurer of Ampco-Pittsburgh Corp, disposed of 2,180 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of the 2022 grant of Restricted Stock Units.
- The shares were disposed of at a price of $2.04 per share.
- Following the transaction, McAuley directly owns 135,238.635 shares of Ampco-Pittsburgh Corp.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related stock disposal, which is common when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of transaction: Disposal of 2,180 shares of common stock. |
| 05/08/2024 | Date of signature on the Form 4 filing. |
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