Form 4: Barnes Group Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Troy W. Ingianni, VP and Principal Accounting Officer at Barnes Group Inc., sold 29 shares of common stock to cover tax obligations related to vesting Restricted Stock Units.
Summary
- Troy W. Ingianni, a VP and Principal Accounting Officer at Barnes Group Inc., sold 29 shares of common stock on December 10, 2024.
- The sale was executed to satisfy tax withholding requirements related to the vesting of Restricted Stock Units (RSUs).
- The sale price was $47 per share.
- Following the transaction, Mr. Ingianni beneficially owns 10,018 shares of common stock.
- This includes 5,231 unvested Restricted Stock Units (RSUs) granted on various dates between February 10, 2022 and September 10, 2024.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies. It does not indicate any unusual activity or trend within the industry.
Comparison to Industry Standards
- Executive stock sales to cover tax obligations are a standard practice across publicly traded companies.
- The vesting schedules and RSU grants are typical forms of executive compensation.
- The transaction is consistent with standard practices for insider reporting.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small sale by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Grant date of 529 Restricted Stock Units. |
| 02/09/2023 | Grant date of 933 Restricted Stock Units. |
| 12/10/2023 | Grant date of 351 Restricted Stock Units. |
| 02/08/2024 | Grant date of 1,470 Restricted Stock Units. |
| 09/10/2024 | Grant date of 3,548 Restricted Stock Units. |
| 12/10/2024 | Date of the stock sale transaction. |
| 01/22/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, insider trading, stock sale, restricted stock units, tax withholding, Barnes Group Inc., executive compensation
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