Form 4: Citigroup's Chief Operating Officer, Anand Selvakesari, Reports Stock Transactions
SEC Form 4 Filing
Anand Selvakesari, Citigroup's COO, reports the withholding of shares to cover tax obligations related to vested stock.
Summary
- On January 20, 2025, Anand Selvakesari, the Chief Operating Officer of Citigroup, reported a transaction involving common stock.
- A total of 25,405.26 shares were withheld at a price of $79.99 per share to satisfy tax obligations.
- Following the transaction, Selvakesari directly owns 220,661.42 shares of Citigroup common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the COO's stock transactions related to tax obligations.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, not a direct sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 01/20/2025 | Date of stock transaction (withholding of shares). |
| 01/22/2025 | Date of signature for the Form 4 filing. |
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