4/A: Daktronics CEO Reece Kurtenbach Amends SEC Filing to Correct Stock Withholding Omission

Daktronics CEO Reece Kurtenbach amended a previous SEC filing to include the withholding of 1,167 shares for tax purposes.

Summary

• This document is an amendment to a previous SEC Form 4 filing by Reece A. Kurtenbach, the Chairman, President, and CEO of Daktronics Inc.
• The amendment corrects an omission in the original filing, which failed to report the withholding of 1,167 shares of Daktronics common stock for tax purposes.
• The original transaction occurred on August 23, 2024, and the original filing was made on August 27, 2024.
• The shares were withheld at a price of $15.84 per share.
• Following this transaction, Kurtenbach directly owns 472,560 shares of Daktronics common stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating no significant positive or negative sentiment. It is a necessary action to maintain compliance.

Industry Context

This type of filing is standard for corporate insiders and is required by the SEC to ensure transparency in stock ownership.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for all publicly traded companies in the United States.
• The amendment process is also a standard procedure when errors or omissions are identified in the original filing.
• Other companies such as Apple, Microsoft, and Google also have similar filings when their executives trade company stock.

Stakeholder Impact

• This filing ensures transparency for shareholders regarding the CEO's stock ownership.

Key Dates

Keywords

SEC Filing, Daktronics, Reece Kurtenbach, Stock Withholding, Form 4, Amendment, Beneficial Ownership