Form 4: Clearfield Inc. Executive John P. Hill Reports Stock Transaction
SEC Form 4 Filing
Clearfield Inc.'s Chief Operating Officer, John P. Hill, reports disposition of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On August 21, 2024, John P. Hill, the Chief Operating Officer of Clearfield, Inc., disposed of 1,300 shares of common stock to cover tax obligations.
- The shares were withheld at a price of $37.58 per share.
- Following the transaction, Hill directly owns 193,107 shares of Clearfield, Inc.
Sentiment
Score: 5
Explanation: The document reports a routine stock transaction for tax purposes, which is neutral in sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. The sale of shares to cover tax obligations upon vesting of restricted stock is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/21/2014 | Date of original restricted stock grant. |
| 08/21/2024 | Date of stock transaction (disposal of shares for tax withholding). |
| 08/23/2024 | Date of signature on the Form 4 filing. |
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