Form 4: Brady Corp CFO Ann Thornton Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Ann Thornton, CFO and Treasurer of Brady Corp, disposed of 1,048 shares of Class A Common Stock on June 21, 2024, to cover tax obligations related to vested restricted stock units.
Summary
- On June 21, 2024, Ann Thornton, the CFO and Treasurer of Brady Corp, disposed of 1,048 shares of Class A Common Stock.
- The transaction was executed to cover taxes on 2,230 restricted stock units that vested on the same date.
- The shares were disposed of at a price of $66.05 per share.
- Following the transaction, Thornton directly owns 22,436 shares of Brady Corp Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard procedure for covering tax obligations related to vested stock.
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 practice of covering tax obligations through stock disposal.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of transaction: Disposal of shares and vesting of restricted stock units. |
| 06/24/2024 | Date of signature by Attorney-In-Fact. |
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