Form 4: Distribution Solutions Group Executive Exercises Stock Options, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Ronald J. Knutson, EVP, CFO & Treasurer of Distribution Solutions Group, exercised stock options and disposed of shares to cover tax obligations on December 31, 2023.
Summary
- On December 31, 2023, Ronald J. Knutson, the EVP, CFO & Treasurer of Distribution Solutions Group, exercised restricted stock units converting into 2,882 shares of common stock at a price of $31.56.
- Simultaneously, Knutson disposed of 1,219 shares to cover taxes upon vesting of the restricted stock units, also at $31.56 per share.
- Following these transactions, Knutson directly owns 39,651 shares of Distribution Solutions Group common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It is a standard practice for executives to exercise stock options and sell a portion of the acquired shares to cover tax liabilities.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of existing stock options and a small disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 12/31/2023 | Date of transaction: Exercise of restricted stock units and disposal of shares for tax obligations. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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