Form 4: Atkore Inc. CEO William E. Waltz Jr. Reports Stock Transaction
SEC Form 4 Filing
Atkore Inc.'s CEO, William E. Waltz Jr., reported a transaction involving the withholding of shares to cover taxes on vested restricted stock units.
Summary
- William E. Waltz Jr., the President and CEO of Atkore Inc., filed a Form 4 indicating a change in his beneficial ownership of the company's stock.
- On November 13, 2024, 2,923 shares of common stock were withheld to cover taxes related to vested restricted stock units at a price of $92.48 per share.
- Following the transaction, Mr. Waltz directly owns 74,255.3319 shares of Atkore Inc. common stock, which includes unvested restricted stock units and accrued dividend equivalent units.
- Additionally, 132,684 shares are held indirectly through a trust where his spouse is the beneficiary, for which he disclaims beneficial ownership except for his pecuniary interest.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to executive compensation. It does not indicate any positive or negative sentiment, but is a normal part of business operations.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the stock transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
- The withholding of shares to cover taxes on vested restricted stock units is a common practice in executive compensation packages.
- Similar filings are made by executives at comparable companies such as ABB, Legrand, and Hubbell.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it is a routine part of executive compensation.
- The transaction does not have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 11/13/2024 | Date of the stock transaction where shares were withheld for tax purposes. |
| 11/15/2024 | Date the Form 4 was signed by Daniel S. Kelly, Attorney-in-Fact for William E. Waltz, Jr. |
Keywords
Atkore Inc., William E. Waltz Jr., Form 4, insider trading, stock transaction, restricted stock units, beneficial ownership, executive compensation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.