Form 4: Apogee Enterprises CEO Ty Silberhorn Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
CEO Ty Silberhorn of Apogee Enterprises reports disposing of 10,347 shares to cover tax liabilities, while still holding a significant number of shares.
Summary
- On April 30, 2024, Ty R. Silberhorn, CEO and President of Apogee Enterprises, Inc., disposed of 10,347 shares of common stock to cover tax liabilities.
- The transaction was executed at a price of $61.78 per share.
- Following the transaction, Silberhorn directly owns 102,092 shares of Apogee Enterprises, Inc.
- This includes shares allocated under the Employee Stock Purchase Plan as of April 19, 2024, and shares of restricted stock granted under the 2019 Stock Incentive Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a transaction related to tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes by the CEO.
Key Dates
| Date | Description |
|---|---|
| 04/19/2024 | Shares allocated under the Employee Stock Purchase Plan as of this date. |
| 04/30/2024 | Date of the stock disposal transaction. |
| 05/02/2024 | Date of the report filing. |
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