Form 4: Azenta EVP, Chief Financial Officer Herman Cueto Sells Shares to Cover Tax Obligations
SEC Form 4
Herman Cueto, EVP and Chief Financial Officer of Azenta, Inc., sold 1,595 shares of common stock on October 17, 2024, to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On October 17, 2024, Herman Cueto, the EVP and Chief Financial Officer of Azenta, Inc., sold 1,595 shares of the company's common stock.
- The sale was executed at a price of $43.68 per share.
- This transaction was conducted to satisfy Mr. Cueto's obligations for withholding taxes associated with the vesting of 9,163 restricted stock units on October 16, 2024.
- Following the transaction, Mr. Cueto directly owns 24,604 shares of Azenta, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction related to tax obligations from vesting equity. It's common for executives to sell shares to cover these obligations.
Key Dates
| Date | Description |
|---|---|
| 10/16/2024 | Vesting date of 9,163 restricted stock units held by Herman Cueto. |
| 10/17/2024 | Date of the stock sale transaction by Herman Cueto. |
| 10/21/2024 | Date of signature on the Form 4 filing. |
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