Form 4: Atkore Inc. Chief Accounting Officer Reports Stock Transaction

Atkore Inc.'s Chief Accounting Officer, James William Alvey, reported a transaction involving the withholding of shares to cover taxes on vested restricted stock units.

Summary

• James William Alvey, Chief Accounting Officer of Atkore Inc., filed a Form 4 indicating a transaction on November 16, 2024.
• The transaction involved the withholding of 54 common stock shares to cover taxes related to vested restricted stock units (RSUs).
• The price per share for the transaction was $88.97.
• Following the transaction, Alvey beneficially owns 3,484.1037 shares of Atkore Inc. common stock, which includes unvested RSUs and accrued dividend equivalent units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of a stock transaction, which is neither positive nor negative in itself. It reflects standard company practice.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership of company officers.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The transaction is typical for executives receiving stock-based compensation, where shares are often withheld to cover tax obligations upon vesting.
• Similar filings are regularly made by officers and directors of other publicly listed companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding.
• The filing provides transparency to stakeholders regarding the stock ownership of company officers.

Key Dates

Keywords

Form 4, Atkore Inc., stock transaction, restricted stock units, RSUs, insider trading, beneficial ownership, James William Alvey, Chief Accounting Officer