Form 4: Embecta Corp. SVP and CFO, Jacob Elguicze, Reports Share Transactions

Embecta Corp.'s SVP and CFO, Jacob Elguicze, reported the acquisition of 61,498 shares and the disposal of 9,785 shares for tax purposes on November 26, 2024.

Summary

• Jacob Elguicze, SVP and CFO of Embecta Corp., reported transactions involving the company's common stock.
• On November 26, 2024, Mr. Elguicze acquired 61,498 shares of common stock at a price of $0.00.
• On the same day, 9,785 shares were disposed of at a price of $18.70 per share to cover withholding taxes related to the vesting of restricted stock units.
• Following these transactions, Mr. Elguicze beneficially owns 170,881.924 shares of Embecta Corp. common stock, which includes shares received as stock dividends.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself. It is a neutral event.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The reported transactions are typical for executives who receive stock-based compensation, such as restricted stock units.
• The tax withholding process is a common practice when restricted stock units vest.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Embecta Corp, Jacob Elguicze, stock transactions, Form 4, insider trading, share ownership, executive compensation, restricted stock units, tax withholding