Form 4: Dover Corp CEO Richard Tobin Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Richard J. Tobin, Chairman, President & CEO of Dover Corp, reported disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 14, 2025, Richard J. Tobin, Chairman, President & CEO of Dover Corp, disposed of common stock to cover tax obligations.
- A total of 1,660 shares were disposed of at a price of $179.61 per share related to restricted stock units granted on February 11, 2022.
- An additional 1,831 shares were disposed of at $179.61 per share related to restricted stock units granted on February 10, 2023.
- Furthermore, 1,937 shares were disposed of at $179.61 per share related to restricted stock units granted on February 8, 2024.
- Following these transactions, Tobin directly owns 195,224 shares of Dover Corp common stock.
- Tobin also indirectly owns 77,000 shares via a trust and 548 shares via a 401(k) plan.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (disposal of shares for tax purposes) and has a neutral sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common among publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| February 11, 2022 | Date of grant for restricted stock units related to the disposal of 1,660 shares. |
| February 10, 2023 | Date of grant for restricted stock units related to the disposal of 1,831 shares. |
| February 8, 2024 | Date of grant for restricted stock units related to the disposal of 1,937 shares. |
| March 14, 2025 | Date of stock disposal for tax obligations. |
| 03/18/2025 | Date of signature of the Form 4 filing. |
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