Form 4: Blue Bird Corp Director Horlock Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Phil Horlock sold 84,413 shares of Blue Bird Corp to cover payroll tax obligations related to vested restricted stock units.
Summary
- On February 28, 2025, Blue Bird Corp Director Phil Horlock sold 84,413 shares of common stock to cover payroll tax withholding obligations related to restricted stock units that vested on the same date.
- The shares were sold at a price of $35.14 per share.
- Following the transaction, Horlock directly owns 266,667 shares of Blue Bird Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common occurrence when restricted stock units vest.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction and vesting of restricted stock units |
| 03/04/2025 | Date of signature on the Form 4 filing |
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