Form 4: Charles River Laboratories Executive Shannon M. Parisotto Reports Stock Disposals to Cover Tax Obligations

Shannon M. Parisotto, a CEVP at Charles River Laboratories, reported disposing of common stock to cover tax obligations arising from equity awards.

Summary

• On May 28, 2024, Shannon M. Parisotto, a CEVP at Charles River Laboratories International, Inc., filed a Form 4 with the SEC.
• The filing details the disposal of common stock to cover tax obligations.
• Parisotto disposed of 168 shares on May 26, 2024, 105 shares on May 27, 2024, and 70 shares on May 28, 2024, all at a price of $217.21 per share.
• Following these transactions, Parisotto directly owns 6,764 shares of common stock and indirectly owns 26,529 shares through Karpathos Investments LLC.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.

Industry Context

Executive stock disposals are a common occurrence, often related to tax obligations or diversification strategies. The filing provides transparency into the transactions of company insiders.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates