4/A: Bowman Consulting Group CEO Corrects Stock Ownership Disclosure After Tax Liability Payment
SEC Filing
Gary Bowman, CEO of Bowman Consulting Group, files an amended Form 4 to correct the number of shares sold for tax liability upon vesting and to adjust the total shares directly owned.
Summary
- Gary Bowman, the CEO of Bowman Consulting Group Ltd., filed an amended Form 4 with the SEC on May 21, 2024.
- This amendment corrects an error in the number of shares sold on May 13, 2024, to cover the tax liability resulting from vesting.
- The correction also adjusts the total number of shares directly owned by Mr. Bowman.
- The original filing date was May 15, 2024.
- On May 13, 2024, 26,223 shares of common stock were disposed of at a price of $30.35 to cover the tax liability.
- Following the reported transaction, Mr. Bowman directly owns 943,502 shares and indirectly owns 1,413,338 shares through a Family LLC.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing, indicating a neutral sentiment. It addresses a previous error, which is a positive step towards transparency.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The correction of the filing ensures accurate information for shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of the transaction where shares were sold to cover tax liability upon vesting. |
| 05/15/2024 | Original filing date of the Form 4 that was amended. |
| 05/21/2024 | Date of the amended Form 4 filing. |
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