Form 4: Digimarc EVP, Chief Technology Officer Tony Rodriguez Reports Stock Disposal for Tax Obligations
SEC Form 4
Tony Rodriguez, EVP and Chief Technology Officer of Digimarc Corp, reported the disposal of 693 shares of common stock on August 15, 2024, to cover tax liabilities related to vested stock awards.
Summary
- On August 15, 2024, Tony Rodriguez, the EVP and Chief Technology Officer of Digimarc Corp, disposed of 693 shares of common stock.
- The transaction was executed to cover tax liabilities associated with vested stock awards.
- The shares were disposed of at a price of $26.01 per share.
- Following the transaction, Rodriguez directly owns 39,873 shares of Digimarc Corp.
- The transaction was reported on August 16, 2024.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, and does not indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock disposal transaction. |
| 08/16/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.