Form 4: Charles River Laboratories Executive VP Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
William D. Barbo, Corporate Executive VP & CCO of Charles River Laboratories, reported disposing of shares to cover tax obligations arising from vesting of restricted stock.
Summary
- William D. Barbo, a Corporate Executive VP & CCO at Charles River Laboratories International, Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report indicates that Barbo disposed of shares of common stock on May 26, 27 and 28, 2024, to cover tax obligations.
- Specifically, 177 shares were disposed of on May 26, 132 shares on May 27, and 84 shares on May 28, all at a price of $217.21 per share.
- Following these transactions, Barbo directly owns 3,605 shares of common stock and indirectly owns 22,842 shares through a trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock disposals for tax purposes, which is a common practice.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely monitored by investors to gauge management's sentiment and potential future performance of the company.
Stakeholder Impact
- The disposal of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the routine nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 05/26/2024 | Date of first reported transaction: disposal of 177 shares of common stock. |
| 05/27/2024 | Date of second reported transaction: disposal of 132 shares of common stock. |
| 05/28/2024 | Date of third reported transaction: disposal of 84 shares of common stock. |
| 05/28/2024 | Date of signature for the Form 4 filing. |
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