Form 4: Costco Executive Vice President Patrick J. Callans Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive Vice President Patrick J. Callans reports changes in beneficial ownership of Costco stock due to tax withholding upon vesting of restricted stock units.
Summary
- On October 22, 2024, Patrick J. Callans, Executive Vice President of Costco Wholesale Corp, reported changes in his beneficial ownership of the company's common stock.
- The changes resulted from the withholding of shares by Costco to cover taxes associated with the vesting of previously granted restricted stock units.
- A total of 4,122.799 shares were disposed of to cover these taxes at a price of $893.49 per share.
- Following these transactions, Callans' direct ownership of Costco common stock decreased from 65,079.887 to 61,542.737 shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate any positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. This filing indicates a standard tax withholding process related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding process.
Key Dates
| Date | Description |
|---|---|
| 10/22/2024 | Date of transaction (tax withholding for vesting of restricted stock units). |
| 10/24/2024 | Date of signature on the Form 4 filing. |
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