Form 4: CTS Corp CFO Ashish Agrawal Reports Stock Disposals
SEC Form 4
Ashish Agrawal, CFO of CTS Corp, reported the disposal of common stock to cover tax obligations.
Summary
- Ashish Agrawal, the CFO of CTS Corp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of CTS Corp common stock on February 7, 2025, February 9, 2025, and February 10, 2025.
- These disposals were to cover tax obligations, with prices at $46.47 and $46.55.
- Following these transactions, Agrawal directly owns 130,987 shares of CTS Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock disposals for tax obligations, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The stock disposals by the CFO could have a minor impact on shareholders due to the slight dilution of shares.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Disposal of 866 shares of common stock at $46.47 |
| 02/09/2025 | Disposal of 827 shares of common stock at $46.47 |
| 02/10/2025 | Disposal of 1,069 shares of common stock at $46.55 |
| 02/11/2025 | Date of signature for the Form 4 filing |
Keywords
Form 4, CTS Corp, Ashish Agrawal, stock disposal, beneficial ownership, CFO
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