Form 4: Citigroup Chief Risk Officer Zdenek Turek Reports Stock Transactions
SEC Form 4 Filing
Citigroup's Chief Risk Officer, Zdenek Turek, reports the withholding of shares to cover tax obligations related to vested stock.
Summary
- Zdenek Turek, Citigroup's Chief Risk Officer, filed a Form 4 detailing changes in beneficial ownership.
- On February 20, 2025, 6,640.58 shares of common stock were withheld at a price of $83.94 per share to satisfy tax obligations related to the vesting of previously awarded stock.
- Following the transaction, Turek directly owns 227,888.32 shares of Citigroup common stock.
- Turek also indirectly owns 122.406 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard tax-related transaction, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related withholding.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of stock transaction (withholding of shares for tax obligations). |
| 02/24/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.