Form 4: Embecta Corp. CEO Devdatt Kurdikar Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Embecta Corp.'s CEO, Devdatt Kurdikar, disposed of shares to cover withholding taxes related to vesting restricted stock units.
Summary
- On April 4, 2024, Devdatt Kurdikar, the President and CEO of Embecta Corp., disposed of 4,535 shares of common stock to cover withholding taxes.
- The transaction was executed at a price of $12.78 per share.
- Following the transaction, Kurdikar beneficially owns 388,005.2 shares of Embecta Corp.
- The reported share amount includes shares received as stock dividends.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 11/11/2023 | Date of Power of Attorney referenced in the document. |
| 04/04/2024 | Date of the transaction where shares were disposed of to cover withholding taxes. |
| 04/08/2024 | Date of signature for the Form 4 filing. |
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