Form 4: Dow Inc. Executive Sells Shares to Cover Tax Obligations

Attiganal N. Sreeram, a Senior Vice President and CTO at Dow Inc., sold 1,774 shares of common stock on February 10, 2025, to cover tax obligations related to the settlement of previously reported awards.

Summary

• On February 10, 2025, Attiganal N. Sreeram, a Senior Vice President / CTO of Dow Inc., disposed of 1,774 shares of Dow Inc. common stock.
• The shares were sold at a price of $38.57 per share.
• The transaction was executed to satisfy tax withholding requirements upon the settlement of previously reported awards, as per the award agreement and Rule 16b-3.
• Following the transaction, Sreeram directly owns 117,948 shares of Dow Inc. common stock.
• Sreeram also indirectly owns 41,296 shares through a trust, 1,513.253 shares through a 401(k) plan, and 1,299.116 shares through a 401(k) plan ESOP.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. These filings provide transparency into insider transactions and can be used by investors to gauge management's sentiment about the company's prospects.

Comparison to Industry Standards

• Executive compensation practices, including stock awards and subsequent tax-related sales, are common across publicly traded companies.
• Companies like DuPont (a historical predecessor of DowDuPont) and other major chemical companies such as BASF and LyondellBasell also utilize stock-based compensation for their executives.
• The specific number of shares sold and the price per share are company-specific and depend on the individual's compensation package and the company's stock performance.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it is related to tax obligations.

Key Dates