Form 4: Costco Executive James C. Klauer Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Executive Vice President James C. Klauer reported the disposal of Costco shares to cover tax obligations related to vesting restricted stock units.
Summary
- James C. Klauer, an Executive Vice President at Costco Wholesale Corp, reported the disposal of common stock on October 22, 2024, to cover tax obligations.
- The disposals were made to satisfy tax withholding requirements related to the vesting of previously granted restricted stock units.
- A total of 1,097.200 shares were disposed of at a price of $893.49 per share.
- Following the transactions, Klauer directly owns 47,993.624 shares of Costco common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine tax-related stock disposals.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. Disposals for tax obligations are a common occurrence when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 10/22/2024 | Date of stock disposal for tax withholding. |
| 10/24/2024 | Date of signature on the Form 4 filing. |
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