Form 4: Atkore Inc. Executive Sells Shares to Cover Taxes on Vested Stock

John W. Pregenzer, President of Electrical at Atkore Inc., sold 684 shares of common stock to cover withholding taxes on vested restricted stock units.

Summary

• John W. Pregenzer, President of Electrical at Atkore Inc., sold 684 shares of common stock on November 13, 2024.
• The sale was executed to cover withholding taxes on vested restricted stock units (RSUs).
• The shares were sold at a price of $92.48 per share.
• Following the transaction, Pregenzer beneficially owns 29,331.6088 shares of Atkore Inc. common stock, which includes unvested RSUs and accrued dividend equivalent units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for 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

• The sale of shares to cover taxes on vested stock is a standard practice among publicly traded companies.
• Many companies use restricted stock units as part of their executive compensation packages, and these transactions are common when the units vest.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover taxes.

Key Dates

Keywords

Atkore Inc., John W. Pregenzer, stock sale, restricted stock units, insider trading, Form 4, executive compensation, share ownership