Form 4: DXC Technology EVP & General Counsel William L. Deckelman Jr. Reports Stock Disposals
SEC Form 4 Filing
William L. Deckelman Jr., EVP & General Counsel of DXC Technology, reported the disposal of common stock on February 29, 2024, and March 1, 2024, under a 10b5-1 plan.
Summary
- William L. Deckelman Jr., an EVP & General Counsel at DXC Technology Co, filed a Form 4 on March 4, 2024.
- The report details the disposal of DXC common stock on February 29, 2024, and March 1, 2024.
- On February 29, 2024, 18,102 shares were disposed of at a price of $21.73 per share.
- On March 1, 2024, another 18,102 shares were disposed of at a price of $21.88 per share.
- Following these transactions, Deckelman directly owns 106,704 shares of DXC Technology Co.
- The disposals were made pursuant to a pre-arranged 10b5-1 trading plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports stock disposals under a pre-arranged plan, with no indication of positive or negative implications for the company.
Industry Context
Executive stock disposals are common and can be for various reasons, including diversification, tax planning, or personal financial needs. The use of a 10b5-1 plan suggests the transactions were pre-planned and not based on insider information.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Disposal of 18,102 shares of common stock at $21.73 per share. |
| 03/01/2024 | Disposal of 18,102 shares of common stock at $21.88 per share. |
| 03/04/2024 | Date of Form 4 filing. |
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