Form 4: Clearfield CEO Cheryl Beranek Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Clearfield, Inc. CEO Cheryl Beranek disposed of 1,300 shares of common stock on August 21, 2024, to cover tax obligations related to the vesting of restricted stock.
Summary
- On August 21, 2024, Cheryl Beranek, CEO of Clearfield, Inc., disposed of 1,300 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock granted on August 21, 2014.
- The shares were disposed of at a price of $37.58 per share.
- Following the transaction, Beranek directly owns 454,812 shares of Clearfield, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction for tax purposes and doesn't indicate a significant change in the executive's outlook on the company.
Industry Context
Executive share disposals for tax purposes are a common occurrence, particularly around vesting events for equity compensation. This transaction appears routine and doesn't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The disposal of shares may have a minor, temporary impact on the stock price due to the increased selling pressure, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 08/21/2014 | Date of original restricted stock grant. |
| 08/21/2024 | Date of transaction (share disposal for tax obligations). |
| 08/23/2024 | Date of signature on the Form 4 filing. |
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