Form 4: Darling Ingredients EVP Brad Phillips Reports Stock Transactions
SEC Form 4 Filing
EVP and CFO of Darling Ingredients, Brad Phillips, reports acquisition of shares through vesting and disposition of shares to cover tax obligations.
Summary
- On March 4, 2024, Brad Phillips, EVP and Chief Financial Officer of Darling Ingredients Inc., acquired 12,798 shares of common stock upon vesting of performance shares related to the 2021-2023 performance period.
- On the same day, Phillips disposed of 4,926 shares of common stock at a price of $42.81 to cover tax obligations.
- Following these transactions, Phillips directly owns 136,858 shares of Darling Ingredients Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The vesting of performance shares indicates that performance goals were met during the 2021-2023 period.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related sales.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of stock acquisition and disposition. |
| 03/06/2024 | Date of signature on the Form 4 filing. |
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