Form 4: Ampco-Pittsburgh Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David George Anderson, President of Air & Liquid Systems at Ampco-Pittsburgh Corp, disposed of 887 shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On May 6, 2024, David George Anderson, President of Air & Liquid Systems at Ampco-Pittsburgh Corp, disposed of 887 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of restricted stock units granted in 2022.
- Following the transaction, Anderson directly owns 36,997 shares of Ampco-Pittsburgh Corp.
- The sale price was $2.04 per share.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock transaction for tax purposes, 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 appears to be a standard tax-related stock disposal, common when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of transaction: David George Anderson disposed of 887 shares. |
| 05/08/2024 | Date of signature on the Form 4 filing. |
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