Form 4: Digimarc Corp Executive Sells Shares to Cover Tax Obligations

Digimarc Corp's EVP, Chief Revenue Officer, Thomas Benton, sold 435 shares of common stock to cover tax liabilities related to vested stock awards.

Summary

• Thomas Benton, EVP and Chief Revenue Officer of Digimarc Corp, sold 435 shares of common stock on November 15, 2024.
• The sale was executed at a price of $27.17 per share.
• The transaction was conducted to cover tax liabilities associated with vested stock awards.
• Following the transaction, Mr. Benton directly owns 6,609 shares of Digimarc Corp stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction, not indicative of positive or negative sentiment. It's a standard practice for executives to sell shares for tax purposes.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when stock awards vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 435 shares is relatively small compared to the total number of shares outstanding for Digimarc Corp, and is not unusual for an executive at this level.
• Similar transactions are regularly reported by executives at comparable technology companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive to cover tax obligations.

Key Dates

Keywords

Digimarc Corp, stock sale, insider trading, executive compensation, tax liability, Form 4, DMRC, Thomas Benton