Form 4: DuPont Executive Jon D. Kemp Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jon D. Kemp, President of Electronics & Indus at DuPont de Nemours, Inc., disposed of 1,184 shares of common stock on March 2, 2024, to cover tax obligations related to lapsed RSUs.
Summary
- On March 2, 2024, Jon D. Kemp, President of Electronics & Indus at DuPont de Nemours, Inc., reported a transaction involving the disposal of 1,184 shares of common stock.
- The transaction was executed to cover taxes withheld on lapsed Restricted Stock Units (RSUs) and associated dividend equivalent units.
- The price per share for the disposal was $69.42.
- Following the transaction, Kemp directly owns 108,371.4382 shares of DuPont common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal, which is a common occurrence among executives who receive equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/02/2024 | Date of stock disposal transaction. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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