Form 4: Apartment Investment & Management Co: EVP and CFO Lynn Stanfield Reports Stock Disposals
SEC Form 4 Filing
Lynn Stanfield, EVP and CFO of Apartment Investment & Management Co, reports the disposal of Class A Common Stock to cover tax obligations.
Summary
- Lynn Stanfield, the EVP and CFO of Apartment Investment & Management Co, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of Class A Common Stock on January 31, 2025, February 1, 2025, and February 2, 2025.
- These disposals were likely to cover tax obligations related to vesting of stock.
- Following these transactions, Stanfield directly owns 524,540 shares of Class A Common Stock and indirectly owns 1,371 shares through a 401(k) plan as of the latest plan statement dated January 31, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock disposals, likely for tax purposes, which is a common practice. There's no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The stock disposal by a key executive could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of earliest transaction and date of 401(k) plan statement. |
| 02/01/2025 | Transaction date for stock disposal. |
| 02/02/2025 | Transaction date for stock disposal. |
| 02/03/2025 | Date of signature on the Form 4. |
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