Form 4: Anterix CFO Timothy Gray Disposes of Shares to Cover Tax Obligations

Anterix's Chief Financial Officer, Timothy Gray, disposed of 4,811 shares of common stock on May 15, 2024, to satisfy withholding obligations related to the vesting of restricted stock units.

Summary

• On May 15, 2024, Timothy Gray, the Chief Financial Officer of Anterix Inc. (ATEX), disposed of 4,811 shares of common stock.
• The transaction was executed to cover withholding obligations associated with the partial vesting and settlement of restricted stock units.
• The shares were sold at a price of $32.72 per share.
• Following the transaction, Gray directly owns 85,664 shares of Anterix Inc.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so it doesn't necessarily indicate positive or negative sentiment about the company's prospects.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. They can be driven by various factors, including personal financial planning, diversification, and tax obligations. It's typical for executives to sell shares to cover taxes associated with vesting equity awards.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a standard practice for executives to manage their equity holdings.

Key Dates