Form 4: Arvinas CFO Sean Cassidy Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Sean Cassidy, CFO of Arvinas, Inc., sold 1,702 shares of common stock on February 23, 2024, to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On February 23, 2024, Sean A. Cassidy, the Chief Financial Officer of Arvinas, Inc. (ARVN), sold 1,702 shares of the company's common stock.
- The sale was executed at a price of $47.05 per share.
- This transaction was conducted to cover withholding taxes associated with the vesting of previously granted Restricted Stock Units (RSUs).
- Following the transaction, Cassidy directly owns 181,916 shares of Arvinas common stock.
Sentiment
Score: 6
Explanation: The document describes a routine transaction (sale of shares to cover taxes). It's neutral to slightly positive as it indicates vesting of RSUs, which is a form of compensation.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of a change in sentiment regarding the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of stock sale transaction. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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