Form 4: Core Molding Technologies Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
John P. Zimmer, EVP, Treasurer, Secretary, and CFO of Core Molding Technologies, sold 4,361 shares of common stock to cover tax obligations upon vesting of restricted stock.
Summary
- On May 10, 2024, John P. Zimmer, the EVP, Treasurer, Secretary, and CFO of Core Molding Technologies, disposed of 4,361 shares of common stock.
- The shares were sold at a price of $19.765 per share.
- This transaction was to cover the executive's tax withholding obligation upon the vesting of restricted stock.
- Following the transaction, Zimmer directly owns 180,759 shares of Core Molding Technologies.
- The transaction was exempt pursuant to Rule 16b-3(e).
Sentiment
Score: 5
Explanation: The document reflects a neutral sentiment as it reports a routine transaction related to tax obligations. It doesn't indicate any 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 executives to sell shares to cover taxes when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of the transaction where 4,361 shares of common stock were disposed of. |
| 05/14/2024 | Date of signature for the Form 4 filing. |
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