Form 4: Cars.com Chief Legal Officer Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Angelique Strong Marks, Chief Legal Officer of Cars.com Inc., reported disposing of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 3, 2025, Angelique Strong Marks, the Chief Legal Officer of Cars.com Inc., reported a transaction involving the disposal of 9,189 shares of common stock.
- The shares were disposed of at a price of $13.2 to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
- Following the transaction, Marks beneficially owns 92,739 shares, which includes RSUs and 1,621 shares acquired through the company's Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Disposal of common stock for tax obligations. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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