Form 4: Box Inc. CFO Dylan C. Smith Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Dylan C. Smith, CFO of Box Inc., disposed of 13,251 shares to cover income tax obligations related to the settlement of restricted stock units.
Summary
- On December 20, 2024, Dylan C. Smith, the Chief Financial Officer of Box Inc., disposed of 13,251 shares of Class A Common Stock.
- The disposal was executed to satisfy income tax and withholding obligations related to the net settlement of restricted stock units (RSUs).
- The price per share for the transaction was $32.06.
- Following the transaction, Smith beneficially owns 1,435,258 shares, some of which are represented by RSUs.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction for tax purposes and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations from RSU vesting, a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 12/20/2024 | Date of stock disposal transaction. |
| 12/23/2024 | Date of signature by Attorney-in-Fact. |
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