Form 4: Beauty Health Co CEO Marla Malcolm Beck Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Marla Malcolm Beck, President and CEO of Beauty Health Co, reported the disposal of Class A Common Stock to cover tax withholding requirements on vesting restricted stock units.
Summary
- Marla Malcolm Beck, the President and CEO of Beauty Health Co, filed a Form 4 detailing changes in beneficial ownership.
- The reported transactions involve the disposal of Class A Common Stock to satisfy tax withholding requirements upon the vesting of restricted stock units.
- These disposals occurred on December 20, 2023, January 20, 2024, February 20, 2024, March 20, 2024 and April 08, 2024.
- The number of shares disposed of ranged from 10,663 to 21,439 per transaction.
- The prices at which the shares were disposed of ranged from $2.43 to $4.36.
- Following these transactions, Beck directly owns 1,013,996 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine tax-related stock disposals, which are a normal part of executive compensation.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholder sentiment, although it is a common practice for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/20/2023 | Disposal of 10,676 Class A Common Stock shares at $3.18 for tax withholding. |
| 01/20/2024 | Disposal of 10,663 Class A Common Stock shares at $2.43 for tax withholding. |
| 02/20/2024 | Disposal of 10,720 Class A Common Stock shares at $2.98 for tax withholding. |
| 03/20/2024 | Disposal of 10,720 Class A Common Stock shares at $4.36 for tax withholding. |
| 04/08/2024 | Disposal of 21,439 Class A Common Stock shares at $3.80 for tax withholding. |
| 06/11/2024 | Date of signature for the Form 4 filing. |
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