Form 4: Cava Group Chief Accounting Officer Adam Phillips Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Adam Phillips, Chief Accounting Officer of Cava Group, Inc., reported disposing of 743 shares of common stock to cover tax withholding obligations related to the settlement of restricted stock units.
Summary
- On June 14, 2024, Adam Phillips, the Chief Accounting Officer of Cava Group, Inc., disposed of 743 shares of common stock.
- The disposal was executed to satisfy tax withholding obligations related to the net settlement of restricted stock units (RSUs).
- The transaction price was $89.93 per share.
- Following the transaction, Phillips beneficially owns 11,083 shares of Cava Group, Inc., including unvested RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of stock disposal transaction |
| 06/18/2024 | Date of signature on the Form 4 filing |
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