Form 4: Disc Medicine Executive Sells Shares to Cover Tax Obligations
SEC Form 4
William Jacob Savage, Chief Medical Officer of Disc Medicine, Inc., sold 1,638 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 18, 2025, William Jacob Savage, the Chief Medical Officer of Disc Medicine, Inc. (IRON), sold 1,638 shares of common stock.
- The sale was executed at a price of $54.58 per share.
- This transaction was to cover tax withholding obligations associated with the vesting of restricted stock units granted on January 10, 2024.
- Following the transaction, Savage directly owns 68,498 shares of Disc Medicine, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. Monitoring these transactions can provide insights into management's perspective on the company's value, although this particular sale is explicitly stated to be for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2024-01-10 | Date of grant for restricted stock units. |
| 2025-02-18 | Date of stock sale. |
| 2025-02-20 | Date of signature on the Form 4 filing. |
Keywords
Disc Medicine, William Jacob Savage, stock sale, Form 4, tax withholding, restricted stock units, IRON
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