Form 4: Dover Corp Executive Ivonne M. Cabrera Reports Stock Disposals for Tax Obligations
SEC Form 4
Ivonne M. Cabrera, SVP, General Counsel & Secretary of Dover Corp, reported disposing of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On March 14, 2025, Ivonne M. Cabrera, SVP, General Counsel & Secretary of Dover Corp, disposed of common stock to cover tax obligations.
- The transactions involved the withholding of 175, 183, and 175 shares at a price of $179.61 each, related to the vesting of restricted stock units granted on February 11, 2022, February 10, 2023, and February 8, 2024, respectively.
- Following these transactions, Cabrera directly owns 59,100 shares of Dover Corp common stock.
- Cabrera also indirectly owns 2,097 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals for tax obligations are common when restricted stock units vest.
Stakeholder Impact
- The stock disposal has a minimal impact on shareholders as it is related to tax obligations and does not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| February 11, 2022 | Date of grant for restricted stock units, partial vesting of which led to tax withholding. |
| February 10, 2023 | Date of grant for restricted stock units, partial vesting of which led to tax withholding. |
| February 8, 2024 | Date of grant for restricted stock units, partial vesting of which led to tax withholding. |
| March 14, 2025 | Date of stock disposal for tax obligations. |
| March 18, 2025 | Date of signature for the Form 4 filing. |
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