Form 4: Ampco-Pittsburgh Corp Executive Samuel Lyon Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Samuel Lyon, President of Union Electric at Ampco-Pittsburgh Corp, disposed of 2,405 shares of common stock on May 13, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On May 13, 2024, Samuel Lyon, President of Union Electric at Ampco-Pittsburgh Corp, disposed of 2,405 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock units granted in 2021.
- Following the transaction, Lyon directly owns 124,453 shares of Ampco-Pittsburgh Corp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders trade their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax liabilities.
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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