Form 4: Atmus Filtration Technologies CFO Jack Kienzler Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chief Financial Officer of Atmus Filtration Technologies, Jack Kienzler, reports acquisition and disposal of common stock due to vesting of performance shares and tax withholding.
Summary
- On March 1, 2024, Jack Kienzler, the CFO of Atmus Filtration Technologies Inc., reported changes in his beneficial ownership of the company's common stock.
- Kienzler acquired 512 shares of common stock upon the vesting of the 2021-2023 stub cycle performance share award at a price of $0.
- He also disposed of 178 shares at $23.96 and 753 shares at $23.96 to cover tax obligations.
- Following these transactions, Kienzler directly owns 38,175 shares of Atmus Filtration Technologies Inc.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The vesting of performance shares indicates that the company met certain performance targets during the 2021-2023 period.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their ownership positions. This filing indicates the CFO's transactions related to vested performance shares and tax obligations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation matters.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of the reported transactions: acquisition of performance shares and disposal for tax withholding. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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