Form 4: E.L.F. Beauty Executive Sells Shares to Cover Tax Obligations

Scott Milsten, a Senior Vice President at e.l.f. Beauty, sold 530 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Scott Milsten, a Senior Vice President at e.l.f. Beauty, sold 530 shares of common stock on December 6, 2024, at a price of $137.6 per share.
• The sale was executed to satisfy tax obligations associated with the vesting of restricted stock units (RSUs).
• Following the transaction, Milsten directly owns 68,853 shares and indirectly owns 22,761 shares through the Milsten/Conner Trust dated October 17, 2008.
• Milsten also holds 52,428 restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive equity compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold is relatively small compared to the total holdings of the executive, suggesting this is a routine transaction rather than a significant divestment.
• Similar transactions are regularly reported by executives at comparable companies in the beauty and personal care industry.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

e.l.f. Beauty, stock sale, insider trading, restricted stock units, tax obligations, equity compensation, Form 4