Form 4: Dover Corp VP & Controller Ryan Paulson Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Ryan Paulson, VP & Controller of Dover Corp, reports disposing of common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 15, 2024, Ryan Paulson, VP & Controller of Dover Corp, disposed of shares of common stock to cover tax obligations.
- These disposals were related to the vesting of restricted stock units granted on February 12, 2021, February 11, 2022, and February 10, 2023.
- A total of 89 shares were disposed of at a price of $175.065 per share.
- Following these transactions, Paulson directly owns 2,379 shares of Dover Corp common stock and indirectly owns 429 shares through a 401K plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard practice of covering tax obligations related to vesting equity.
Stakeholder Impact
- The stock disposal is unlikely to have a significant impact on stakeholders as it is a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 12, 2021 | Date of grant for restricted stock units, partial vesting triggered tax obligations. |
| February 11, 2022 | Date of grant for restricted stock units, partial vesting triggered tax obligations. |
| February 10, 2023 | Date of grant for restricted stock units, partial vesting triggered tax obligations. |
| March 15, 2024 | Date of stock disposal to cover tax obligations. |
| March 19, 2024 | Date of signature for the Form 4 filing. |
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