Form 4: Commercial Metals Co: Officer Peter R. Matt Reports Tax Withholding
SEC Form 4 Filing
Peter R. Matt, President and CEO of Commercial Metals Co, reports the withholding of 4,685 common stock shares to cover tax obligations related to vested restricted stock units.
Summary
- On April 10, 2024, Peter R. Matt, President and CEO of Commercial Metals Co, had 4,685 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 April 10, 2023.
- Following the transaction, Matt directly owns 87,497 shares of Commercial Metals Co.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting routine tax withholding related to vested stock.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and the subsequent tax obligations, which is a common occurrence for executives.
Key Dates
| Date | Description |
|---|---|
| 04/10/2023 | Date of grant for the restricted stock units that vested. |
| 04/10/2024 | Date of transaction: 4,685 shares withheld for tax obligations. |
| 04/11/2024 | 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.