Form 4: Brightcove CFO Robert Noreck Disposes of Shares to Cover Taxes
SEC Form 4 Filing
Robert Noreck, CFO of Brightcove Inc., disposed of shares to cover taxes associated with the settlement of restricted stock units on March 10, 2024.
Summary
- On March 10, 2024, Robert Noreck, the Chief Financial Officer of Brightcove Inc., disposed of 9,797 shares of common stock.
- The shares were withheld by the issuer to cover taxes associated with the settlement of restricted stock units.
- The transaction was executed at a price of $1.95 per share.
- Following the transaction, Noreck directly owns 215,271 shares of Brightcove Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
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 arising from the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date of the transaction where shares were disposed of to cover taxes. |
| 03/11/2024 | Date of signature by attorney-in-fact. |
Keywords
Form 4, Brightcove Inc, Robert Noreck, CFO, Share Disposal, Restricted Stock Units, Tax Withholding
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