Form 4: Box Inc. COO Olivia Nottebohm Reports Changes in Beneficial Ownership
SEC Filing
Olivia Nottebohm, Chief Operating Officer of Box Inc., reports the withholding of 1,664 shares to cover income tax obligations related to RSU settlement.
Summary
- On September 20, 2024, Box Inc.'s COO, Olivia Nottebohm, had 1,664 Class A Common Stock shares withheld by the issuer to cover income tax obligations related to the net settlement of restricted stock units (RSUs).
- The price per share for the transaction was $32.84.
- Following the transaction, Nottebohm directly owns 521,960 shares, some of which are represented by RSUs.
- Each RSU represents the right to receive one share of Box Inc. Common Stock, subject to a vesting schedule and continuous service.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership.
- Employees holding RSUs are affected by the tax implications of RSU settlements.
Key Dates
| Date | Description |
|---|---|
| 09/17/2024 | Date of the Lock-Up Agreement. |
| 09/20/2024 | Date of the transaction where shares were withheld for tax obligations. |
| 09/24/2024 | Date of signature for the Form 4 filing. |
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