Form 4: Atmus Filtration Technologies Inc. Executive Charles Masters Reports Stock Disposals for Tax Obligations

Charles Masters, Senior Vice President of Atmus Filtration Technologies Inc., reports disposing of shares to cover tax obligations upon vesting of performance share units and restricted share units.

Summary

• Charles Masters, a Senior Vice President at Atmus Filtration Technologies Inc., filed a Form 4 with the SEC.
• The filing reports the disposal of common stock on March 3, 2025, to cover tax withholding obligations.
• 736 shares were disposed of at a price of $39.8 per share related to performance share units.
• 570 shares were disposed of at a price of $39.8 per share related to restricted share units.
• Following these transactions, Masters beneficially owns 27,990 shares of Atmus Filtration Technologies Inc.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates stock disposals to cover tax obligations, a common practice upon vesting of equity awards.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units, which vest over time.
• Upon vesting, these awards are subject to income tax, and executives often sell a portion of the shares to cover these tax obligations.
• The number of shares sold depends on the executive's tax bracket and the company's stock price.
• Companies like Cummins Inc. and Caterpillar Inc., which operate in similar industries, also see their executives file Form 4s for similar transactions.

Stakeholder Impact

• The stock disposal is unlikely to have a significant impact on shareholders, as it is a routine transaction for tax purposes.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates