Form 4: Commercial Metals Co: CEO Peter R. Matt Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
CEO Peter R. Matt of Commercial Metals Co. reports the withholding of 4,913 common stock shares to cover tax obligations related to vested restricted stock units.
Summary
- On October 9, 2024, Peter R. Matt, the President and CEO of Commercial Metals Co. (CMC), had 4,913 shares of common stock withheld by the company to satisfy tax obligations.
- This withholding was related to the settlement of vested restricted stock units granted on October 9, 2023.
- Following this transaction, Matt directly owns 82,584 shares of CMC common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to tax obligations and does not indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for companies to withhold shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 10/09/2023 | Date of grant for the restricted stock units that vested. |
| 10/09/2024 | Date of the transaction where shares were withheld to cover tax obligations. |
| 10/11/2024 | Date of signature for the Form 4 filing. |
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