Form 4: Aptargroup CEO Stephan B. Tanda Reports Stock Transactions
SEC Form 4 Filing
A Form 4 filing reveals Aptargroup CEO Stephan B. Tanda's recent stock transactions, including the disposal of shares to cover tax obligations.
Summary
- On March 22, 2024, Stephan B. Tanda, the President and CEO of Aptargroup, Inc., reported transactions involving the company's common stock.
- Tanda disposed of 2,144 shares of common stock at a price of $141.59 per share.
- This transaction was likely to cover tax obligations related to vesting of restricted stock units.
- Following the reported transaction, Tanda directly owns 163,956 shares of Aptargroup common stock.
- Tanda also indirectly owns 2,766 shares through a 401(k) trust.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions, and doesn't inherently indicate positive or negative sentiment. The sale of shares is likely for tax purposes.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the CEO's transactions in the company's stock, which is common for executives who receive stock-based compensation.
Stakeholder Impact
- The transaction itself is unlikely to have a significant impact on stakeholders, as it is a relatively small number of shares being sold by the CEO.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of stock transaction |
| 03/25/2024 | Date of signature on the Form 4 filing |
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