Form 4: Embecta Corp. SVP and CFO Jacob Elguicze Reports Stock Transaction
SEC Form 4 Filing
Jacob Elguicze, SVP and CFO of Embecta Corp., reports the withholding of shares for tax obligations related to vesting restricted stock units.
Summary
- On May 10, 2024, Jacob Elguicze, SVP and CFO of Embecta Corp., had shares withheld to cover withholding taxes related to the vesting of restricted stock units.
- A total of 1,013 shares of common stock were withheld at a price of $14.24 per share.
- Following the transaction, Elguicze beneficially owns 117,632.6 shares of Embecta Corp.
- The report also notes that the number of shares includes shares received as stock dividends.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transaction itself is neutral in sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related withholding of shares.
Key Dates
| Date | Description |
|---|---|
| 04/05/2022 | Date of Power of Attorney incorporated by reference. |
| 05/10/2024 | Date of the stock transaction (shares withheld for tax obligations). |
| 05/14/2024 | Date of report signature. |
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