Form 4: Broadridge Financial Solutions Executive Douglas Deschutter Reports Stock Disposal
SEC Form 4 Filing
Douglas Deschutter, Co-President of ICS at Broadridge Financial Solutions, reported the disposal of 703 shares of common stock on April 1, 2024, to cover tax obligations.
Summary
- On April 1, 2024, Douglas Deschutter, Co-President of ICS at Broadridge Financial Solutions, disposed of 703 shares of common stock.
- The transaction was executed at a price of $203.23 per share.
- Following the transaction, Deschutter directly owns 31,776.8948 shares of Broadridge Financial Solutions.
- The disposal was related to covering tax obligations.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates a standard transaction related to tax obligations.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock disposal transaction |
| 04/02/2024 | Date of signature by Maria Allen, Power of Attorney |
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