Form 4: Box Inc. CFO Dylan C. Smith Reports Tax-Related Stock Disposal

Dylan C. Smith, CFO of Box Inc., reports the disposal of 14,685 shares to cover income tax obligations related to the settlement of Performance-Based Stock Units.

Summary

• On April 4, 2024, Dylan C. Smith, the Chief Financial Officer of Box Inc., disposed of 14,685 shares of Class A Common Stock.
• The disposal was to cover income tax and withholding obligations related to the net settlement of Performance-Based Stock Units (PSUs).
• The price per share for the transaction was $27.82.
• Following the transaction, Smith directly owns 1,591,912 shares, some of which are represented by restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal by the CFO.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates