4/A: Atmus Filtration Technologies: Executive Corrects Stock Transaction Reporting
SEC Filing Amendment
Charles Masters, VP of Engine Products at Atmus Filtration Technologies, files an amended Form 4 to correct errors in a previous filing regarding stock transactions.
Summary
- Charles Masters, VP of Engine Products at Atmus Filtration Technologies, filed an amended Form 4 with the SEC.
- The amendment corrects errors in the original Form 4 filed on October 7, 2024.
- The original filing mistakenly included a grant, award, or other acquisition that did not occur.
- It also incorrectly stated the amount of shares withheld for tax liability as 26 shares, when the correct amount was 20 shares.
- As of October 3, 2024, Masters beneficially owned 27,044 shares of Atmus Filtration Technologies common stock.
- The corrected filing reflects the accurate number of shares withheld for tax liability.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing. While the initial error is a negative, the prompt correction is a positive, leading to a neutral sentiment.
Negatives
- The original Form 4 filing contained errors regarding a stock transaction.
- The reporting person mistakenly included a grant, award or other acquisition pursuant to Rule 16b-3(d) that did not in fact occur.
- The reporting person mistakenly reported the payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security issued in accordance with Rule 16b-3 in the amount of 26 shares of common stock when in fact the amount was 20 shares of common stock.
Risks
- Inaccurate reporting of stock transactions can lead to regulatory scrutiny.
- Errors in SEC filings can erode investor confidence.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the stock transactions of company insiders. Amendments are sometimes necessary to correct errors or omissions in the original filings.
Stakeholder Impact
- Corrected filings ensure accurate information for shareholders.
- Transparent reporting builds trust with investors.
Key Dates
| Date | Description |
|---|---|
| 10/03/2024 | Date of earliest transaction reported in the amended filing; Masters owned 27,044 shares of common stock. |
| 10/07/2024 | Date of original Form 4 filing containing errors. |
| 01/23/2025 | Date of signature on the amended Form 4/A. |
Keywords
Form 4, amendment, stock transaction, beneficial ownership, Atmus Filtration Technologies, Charles Masters, SEC filing
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