Form 4: Broadridge CFO Edmund Reese Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Corporate VP and CFO of Broadridge Financial Solutions, Edmund Reese, disposed of 2,896 shares of common stock on April 1, 2024, to cover tax obligations.
Summary
- Edmund Reese, Corporate VP and CFO of Broadridge Financial Solutions, reported a transaction on April 1, 2024.
- He disposed of 2,896 shares of common stock at a price of $203.23 per share.
- This transaction was to cover tax obligations.
- Following the transaction, Reese beneficially owns 7,491.46 shares of Broadridge Financial Solutions.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CFO in this case, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock disposal transaction |
| 04/02/2024 | Date of signature by Power of Attorney |
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