Form 4: Ampco Pittsburgh Corp Executive Sells Shares to Cover Tax Obligations

David George Anderson, President of Air & Liquid Systems at Ampco Pittsburgh Corp, disposed of 316 shares of common stock on May 13, 2024, to cover tax liabilities related to vesting restricted stock units.

Summary

• On May 13, 2024, David George Anderson, President of Air & Liquid Systems at Ampco Pittsburgh Corp, disposed of 316 shares of common stock.
• The transaction was executed to cover tax obligations arising from the vesting of restricted stock units granted in 2021.
• The shares were sold at a price of $1.87 per share.
• Following the transaction, Anderson directly owns 36,681 shares of Ampco Pittsburgh Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.

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 stakeholders, as it is a small sale of shares by an executive to cover tax obligations.

Key Dates