Form 4: Digimarc CFO Charles Beck Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Charles Beck, EVP and CFO of Digimarc CORP, reported the disposal of 1,024 shares of common stock to cover tax liabilities associated with vested stock awards on August 15, 2024.
Summary
- On August 15, 2024, Charles Beck, the EVP and Chief Financial Officer of Digimarc CORP, disposed of 1,024 shares of common stock.
- The transaction was executed to cover tax liabilities related to vested stock awards.
- The price per share for the disposal was $26.01.
- Following the transaction, Beck directly owns 62,383 shares of Digimarc CORP.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock disposal transaction. |
| 08/16/2024 | Date of signature on the Form 4 filing. |
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