Form 4: Core Molding Technologies CEO Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO David L. Duvall disposed of 9,817 shares of Core Molding Technologies stock on May 10, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On May 10, 2024, David L. Duvall, CEO of Core Molding Technologies Inc., disposed of 9,817 shares of common stock.
- The transaction was executed at a price of $19.765 per share.
- The shares were withheld to satisfy the executive's tax withholding obligation upon the vesting of restricted stock.
- Following the transaction, Duvall beneficially owns 423,902 shares of Core Molding Technologies Inc.
- The disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).
Sentiment
Score: 7
Explanation: The document reflects a neutral event (tax obligation fulfillment) and doesn't inherently suggest positive or negative sentiment. It's a routine transaction.
Industry Context
Form 4 filings are a routine part of executive compensation and are used to disclose transactions in company stock by insiders. This filing indicates a standard practice of covering tax obligations through stock withholding.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of the transaction where 9,817 shares were disposed of. |
| 05/14/2024 | Date of signature by attorney-in-fact. |
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