Form 4: E.L.F. Beauty Executive Scott Milsten Reports Stock Transactions
SEC Form 4 Filing
Scott Milsten, a Senior Vice President at e.l.f. Beauty, reported the acquisition and disposition of company stock to cover tax obligations related to vesting restricted stock units.
Summary
- Scott Milsten, a Senior Vice President at e.l.f. Beauty, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On June 3, 2024, Milsten acquired 11,198 shares of common stock.
- On June 5, 2024, Milsten sold 8,787 shares at $184.96 per share and 12,528 shares at $184.96 per share to cover tax obligations related to vesting restricted stock units (RSUs).
- Following these transactions, Milsten directly owns 78,992 shares of common stock, including 52,971 RSUs, and indirectly owns 22,761 shares through the Milsten/Conner Trust dated October 17, 2008.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the sales were primarily to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| October 17, 2008 | Date of the Milsten/Conner Trust |
| June 3, 2024 | Date of acquisition of 11,198 shares |
| June 5, 2024 | Date of sale of 8,787 and 12,528 shares |
| June 7, 2024 | Date of signature on the Form 4 |
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