Form 4: E2open CEO Andrew Appel Disposes of Shares to Cover Taxes After Stock Vesting

E2open Parent Holdings CEO Andrew M. Appel disposed of 120,632 shares of Class A Common Stock on April 12, 2024, to cover taxes following the vesting of a restricted stock grant.

Summary

• On April 12, 2024, Andrew M. Appel, CEO of E2open Parent Holdings, Inc., disposed of 120,632 shares of Class A Common Stock.
• The transaction was executed to cover taxes associated with the vesting of Mr. Appel's restricted stock grant from October 12, 2023.
• The shares were sold at a price of $4.16 per share.
• Following the transaction, Mr. Appel directly owns 158,603 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reflects a routine transaction to cover tax obligations, which is a normal part of executive compensation. It doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like CEOs, buy or sell their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale to cover tax obligations.

Key Dates