Form 4: AngioDynamics SVP Warren Nighan JR Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Warren Nighan JR, SVP of Quality and Regulatory at AngioDynamics, reports disposing of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Warren Nighan JR, SVP of Quality and Regulatory at AngioDynamics, filed a Form 4 detailing changes in beneficial ownership.
- On July 20, 2024, 251 shares of common stock were disposed of at a price of $7.13 to satisfy tax withholding obligations related to vesting restricted stock units granted on July 20, 2022.
- On July 21, 2024, 277 shares of common stock were disposed of at a price of $7.13 to satisfy tax withholding obligations related to vesting restricted stock units granted on July 21, 2021.
- Following these transactions, Nighan directly owns 40,998 shares of AngioDynamics common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, with no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Similar transactions are common among executives at publicly traded companies like Medtronic, Boston Scientific, and Abbott Laboratories, as they often receive stock-based compensation and must manage their tax obligations related to vesting shares.
- The number of shares sold is relatively small compared to the total outstanding shares of AngioDynamics, suggesting it's a routine tax-related transaction rather than a significant change in the executive's investment position.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors, as they represent a small portion of the overall stock ownership and are related to routine tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/21/2021 | Date of grant for restricted stock units related to the July 21, 2024 disposal. |
| 07/20/2022 | Date of grant for restricted stock units related to the July 20, 2024 disposal. |
| 07/20/2024 | Date of disposal of 251 shares. |
| 07/21/2024 | Date of disposal of 277 shares. |
| 07/25/2024 | Date of signature on the Form 4 filing. |
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