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 the disposal of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 14, 2025, 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 11, 2022, February 10, 2023, and February 8, 2024.
- A total of 25, 32, and 37 shares were disposed of at a price of $179.61 per share.
- Following these transactions, Paulson directly owns 2,839 shares of Dover Corp common stock and indirectly owns 540 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of insider trading disclosures, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Dover Corp's insider trading activity is similar to that of other large industrial conglomerates such as 3M (MMM) and Honeywell (HON), where executives periodically dispose of shares to cover tax obligations related to equity compensation.
- The practice of withholding shares for taxes upon vesting of restricted stock units is a standard practice across publicly traded companies.
Stakeholder Impact
- The stock disposal has a minimal impact on shareholders as it is a routine transaction for tax purposes.
Key Dates
| Date | Description |
|---|---|
| February 11, 2022 | Date of grant for restricted stock units, partial vesting of which led to tax obligations. |
| February 10, 2023 | Date of grant for restricted stock units, partial vesting of which led to tax obligations. |
| February 8, 2024 | Date of grant for restricted stock units, partial vesting of which led to tax obligations. |
| March 14, 2025 | Date of stock disposal to cover tax obligations. |
| March 18, 2025 | Date of signature on the Form 4 filing. |
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