Form 4: Blue Bird Corp Executive Ted Scartz Reports Share Transaction
SEC Form 4 Filing
Ted Scartz, SVP General Counsel at Blue Bird Corp, reports the withholding of 1,558 common stock shares to cover payroll tax obligations related to vested restricted stock units on July 1, 2024.
Summary
- On July 1, 2024, Ted Scartz, the SVP General Counsel of Blue Bird Corp, reported a transaction involving the company's common stock.
- A total of 1,558 shares were withheld at a price of $50.89 per share.
- This transaction was to satisfy payroll tax withholding obligations related to restricted stock units that vested on the same date.
- Following the transaction, Scartz directly owns 54,848 shares of Blue Bird Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, which is common for publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction and vesting of restricted stock units |
| 07/02/2024 | Date of signature on the Form 4 filing |
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