4/A: Bowman Consulting Group CEO Corrects Share Transaction Details in Amended SEC Filing
SEC Form 4 Amendment
Bowman Consulting Group's CEO, Gary Bowman, filed an amended SEC Form 4 to correct the number of shares sold for tax purposes on January 2, 2025, and to adjust his total direct share ownership.
Summary
- Gary Bowman, CEO of Bowman Consulting Group, filed an amended SEC Form 4 on January 6, 2025, to correct a previous filing.
- The amendment addresses an error in the number of shares sold to cover tax liabilities upon vesting on January 2, 2025.
- The correction also adjusts the total number of shares directly owned by Mr. Bowman.
- On January 2, 2025, 3,460 shares were sold at a price of $24.95 per share to cover tax obligations.
- Following the transaction, Mr. Bowman directly owns 910,042 shares and indirectly owns 1,398,338 shares through a Family LLC.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing, indicating no significant positive or negative sentiment. It is a necessary action for compliance and accuracy.
Management Comments
- The amendment is being filed to address an error in the number of shares sold in payment of the tax liability upon vesting on January 2, 2025 and, as a result, to correct the total shares directly owned by the Reporting Person.
Industry Context
This is a routine filing related to executive share transactions and is common for publicly traded companies.
Comparison to Industry Standards
- SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders.
- The correction of errors in these filings is also a normal process to ensure accuracy and compliance.
- Similar filings are made by executives at companies like AECOM, Jacobs Engineering, and Tetra Tech when they have transactions involving company stock.
Stakeholder Impact
- The correction ensures accurate reporting of insider ownership, which is important for transparency to shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of the share transaction where shares were sold to cover tax liabilities. |
| 01/06/2025 | Date the amended SEC Form 4 was filed. |
Keywords
SEC Filing, Form 4, Beneficial Ownership, Share Transaction, Bowman Consulting Group, Gary Bowman, Tax Liability, Share Ownership
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