Form 4: Ducommun Inc. Executive Rajiv A. Tata Reports Stock Transaction
SEC Form 4 Filing
Rajiv A. Tata, V.P., G.C. & Corp. Secretary of Ducommun Inc., reports a transaction involving common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On June 21, 2024, Rajiv A. Tata, V.P., G.C. & Corp. Secretary of Ducommun Inc., engaged in a transaction involving the company's common stock.
- The transaction involved the disposal of 735 shares at a price of $58.02 per share.
- This disposal was to satisfy tax withholding obligations related to the vesting of 1,367 restricted stock units on the same date.
- Following the reported transaction, Tata directly owns 26,099 shares of Ducommun Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation and tax obligations. There are no indications of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of transaction and vesting of restricted stock units. |
| 06/24/2024 | Date of signature on the report. |
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