Form 4: Disc Medicine CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jean M. Franchi, CFO of Disc Medicine, Inc., sold 3,136 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 18, 2025, Jean M. Franchi, the Chief Financial Officer of Disc Medicine, Inc. (IRON), sold 3,136 shares of the company's common stock.
- The sale was executed at a price of $54.58 per share.
- This transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units previously granted on February 7, 2024.
- Following the transaction, Franchi directly owns 69,530 shares of Disc Medicine, Inc.
Sentiment
Score: 6
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't reflect a change in the executive's overall confidence in the company.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company's future.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small percentage of the CFO's holdings and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 7, 2024 | Date of grant for the restricted stock units that triggered the tax obligation. |
| February 18, 2025 | Date of the stock sale transaction. |
| February 20, 2025 | Date of signature on the Form 4 filing. |
Keywords
Disc Medicine, IRON, Jean M. Franchi, CFO, Form 4, Share Sale, Tax Withholding, Restricted Stock Units, Beneficial Ownership
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