Form 4: ChampionX Corp: President & CEO Sivasankaran Somasundaram Reports Stock Disposal
SEC Form 4 Filing
Sivasankaran Somasundaram, President & CEO of ChampionX Corp, disposed of 37,716 shares of common stock on February 18, 2025, to cover tax obligations.
Summary
- On February 18, 2025, Sivasankaran Somasundaram, the President & CEO of ChampionX Corp, disposed of 37,716 shares of common stock.
- The transaction was executed at a price of $30.34 per share.
- Following the transaction, Somasundaram directly owns 844,813 shares of ChampionX Corp.
- Somasundaram also indirectly owns 99,011 shares through a limited partnership.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders, depending on the reason for the sale and the overall market perception.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of stock disposal transaction |
| 02/20/2025 | Date of signature on the Form 4 filing |
Keywords
ChampionX Corp, Sivasankaran Somasundaram, Stock Disposal, Form 4, Insider Trading, CHX, President & CEO
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