Form 4: AZEK Co Inc. CFO and COO Peter Clifford Sells Shares to Cover Tax Obligations

AZEK Co Inc.'s CFO and COO, Peter Clifford, disposed of 593 shares of Class A Common Stock to cover tax obligations.

Summary

• Peter Clifford, the CFO and COO of AZEK Co Inc., sold 593 shares of Class A Common Stock on November 19, 2024.
• The shares were sold at a price of $46.46 per share.
• This transaction was to cover tax obligations related to the vesting of shares.
• Following the transaction, Peter Clifford directly owns 58,669 shares of AZEK Co Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's overall performance.

Industry Context

This is a routine transaction for executives to manage their tax obligations related to stock-based compensation. It is common for executives to sell shares after vesting.

Comparison to Industry Standards

• Executive share sales for tax purposes are a common practice across publicly traded companies.
• The sale of 593 shares is a relatively small transaction compared to the total holdings of Peter Clifford and is not unusual for executives managing their personal finances.

Stakeholder Impact

• The share sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

AZEK Co Inc., Peter Clifford, insider trading, Form 4, share sale, CFO, COO, Class A Common Stock, tax obligations