Form 4: CTS Corp VP & Secretary Scott D'Angelo Reports Stock Disposals to Cover Tax Obligations

Scott D'Angelo, VP & Secretary of CTS Corp, disposed of shares to cover tax obligations arising from vesting of restricted stock units.

Summary

• Scott D'Angelo, a VP & Secretary at CTS Corp, reported the disposal of common stock on February 7, 2025, February 9, 2025, and February 10, 2025.
• The disposals were made to cover tax obligations.
• A total of 671 shares were disposed of on February 7, 2025, at a price of $46.47.
• On February 9, 2025, 614 shares were disposed of at $46.47.
• Finally, on February 10, 2025, 704 shares were disposed of at $46.55.
• Following these transactions, D'Angelo directly owns 30,100 shares of CTS Corp common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes, which is a common practice.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The disposal of shares by an insider could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.

Key Dates

Keywords

Form 4, CTS Corp, Stock Disposal, Insider Trading, Scott D'Angelo