Form 4: Ducommun Inc. Executive Jerry L. Redondo Reports Stock Transaction
SEC Form 4 Filing
Jerry L. Redondo, S.V.P. at Ducommun Inc., reports disposition of 810 shares to cover tax obligations related to restricted stock units.
Summary
- On May 8, 2024, Jerry L. Redondo, a Senior Vice President at Ducommun Inc., disposed of 810 shares of common stock to satisfy tax withholding obligations.
- The shares were disposed of at a price of $56.54 per share.
- Following the transaction, Redondo directly owns 62,588 shares of Ducommun Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of stock transaction (disposal of shares). |
| 05/08/2024 | Settlement date of 1,506 restricted stock units. |
| 05/09/2024 | Date of signature on the report. |
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