Form 4: Blue Bird Corp Executive Britton Smith Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Britton Smith, President of Blue Bird Corp, disposed of 1,617 shares to cover payroll tax obligations related to vested restricted stock units.
Summary
- On July 1, 2024, Britton Smith, President of Blue Bird Corp, disposed of 1,617 shares of common stock to satisfy payroll tax withholding obligations.
- The shares were sold at a price of $50.89 per share.
- Following the transaction, Smith directly owns 85,633 shares of Blue Bird Corp.
- The transaction was related to restricted stock units that vested on July 1, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction and vesting of restricted stock units |
| 07/02/2024 | Date of signature by attorney-in-fact |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.