Form 4: DuPont Executive Erik T. Hoover Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Erik T. Hoover, SVP & General Counsel of DuPont, disposed of 431 shares of common stock on February 23, 2024, to cover tax obligations related to lapsed RSUs.
Summary
- On February 23, 2024, Erik T. Hoover, a Senior Vice President & General Counsel at DuPont de Nemours, Inc., reported a transaction involving the disposal of 431 shares of common stock.
- The shares were disposed of to cover taxes withheld on lapsed Restricted Stock Units (RSUs) and associated dividend equivalent units.
- The transaction was executed at a price of $70.24 per share.
- Following the transaction, Hoover beneficially owns 61,437.6095 shares of DuPont common stock directly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal 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 transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of stock disposal transaction |
| 02/27/2024 | Date of signature on the Form 4 filing |
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