Form 4: Arvinas Inc. Chief Accounting Officer Sells Shares to Cover Tax Obligations

Arvinas Inc.'s Chief Accounting Officer, David K. Loomis, sold shares to cover withholding taxes following the vesting of restricted stock units.

Summary

• David K. Loomis, the Chief Accounting Officer of Arvinas Inc., sold a total of 460 shares of common stock.
• The sales occurred on two separate dates: 229 shares were sold on November 8, 2023, at a price of $17.05 per share, and 231 shares were sold on November 7, 2024, at a price of $27.69 per share.
• These transactions were made to cover withholding taxes associated with the vesting of previously granted restricted stock units.
• Following these transactions, Mr. Loomis directly owns 8,040 shares of Arvinas Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for company executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the industry.
• The number of shares sold is relatively small compared to the total shares outstanding for Arvinas Inc., and is not unusual for a company of this size.
• The price at which the shares were sold is consistent with the market price at the time of the transactions.

Stakeholder Impact

• The sale of shares by the Chief Accounting Officer is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Arvinas Inc., David K. Loomis, Chief Accounting Officer, stock sale, insider trading, restricted stock units, tax withholding