Form 4: AngioDynamics CEO James Clemmer Disposes of Shares to Cover Tax Obligations
SEC Form 4
AngioDynamics CEO James Clemmer disposed of shares to satisfy tax withholding obligations related to vesting restricted stock units.
Summary
- James C. Clemmer, the President and CEO of AngioDynamics Inc., disposed of 2,982 shares of common stock on July 20, 2024, at a price of $7.13.
- This transaction was an exempt disposition to cover tax withholding obligations related to restricted stock units granted on July 20, 2022.
- Additionally, Clemmer disposed of 3,372 shares of common stock on July 21, 2024, also at $7.13.
- This was to satisfy tax obligations for restricted stock units granted on July 21, 2021.
- Following these transactions, Clemmer still beneficially owns 634,033 shares of AngioDynamics common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions to cover tax obligations, which are neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| July 21, 2021 | Date of grant for restricted stock units related to the July 21, 2024 transaction. |
| July 20, 2022 | Date of grant for restricted stock units related to the July 20, 2024 transaction. |
| July 20, 2024 | Date of disposal of 2,982 shares to cover tax obligations. |
| July 21, 2024 | Date of disposal of 3,372 shares to cover tax obligations. |
| July 25, 2024 | Date of signature on the Form 4 filing. |
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