Form 4: Costco Executive Caton Frates Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Executive Vice President Caton Frates disposed of Costco shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 22, 2024, Caton Frates, an Executive Vice President at Costco Wholesale Corp, disposed of shares of common stock to cover tax obligations.
- The disposals were related to the vesting of previously granted restricted stock units.
- The transactions were executed at a price of $893.49 per share.
- Following the reported transactions, Frates directly owns 8,725.772 to 9,491.403 shares of Costco common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine tax-related stock disposals and doesn't indicate any strategic shift or concern.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 10/22/2024 | Date of stock disposal transactions. |
| 10/24/2024 | Date of signature on the Form 4 filing. |
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