Form 4: E2open Executive Sells 63,450 Shares to Cover Tax Obligations

E2open's EVP, General Counsel, Susan E. Bennett, sold 63,450 shares of Class A Common Stock to cover tax obligations.

Summary

• Susan E. Bennett, EVP and General Counsel at E2open Parent Holdings, Inc., sold 63,450 shares of Class A Common Stock on November 14, 2024.
• The sale was executed at a price of $3.07 per share.
• This transaction was conducted to cover tax obligations related to the vesting of restricted stock units.
• Following the transaction, Ms. Bennett directly owns 86,550 shares of E2open Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by an executive to cover tax obligations, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine transaction for executives to cover tax obligations related to stock awards. It is common for executives to sell shares after vesting.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, particularly around vesting periods.
• The sale of 63,450 shares is not unusual for an executive at this level.
• The price of $3.07 per share is reflective of the current market value of the stock at the time of the transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive.

Key Dates

Keywords

E2open, insider trading, stock sale, Form 4, executive, Susan E. Bennett, ETWO, Class A Common Stock