Form 4: EMCOR Group CFO Jason Nalbandian Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jason Nalbandian, CFO of EMCOR Group, Inc., disposed of 559 shares of common stock on November 8, 2024, to cover tax obligations.
Summary
- On November 8, 2024, Jason R. Nalbandian, SVP, CFO, and Chief Accounting Officer of EMCOR Group, Inc., disposed of 559 shares of common stock.
- The transaction was executed at a price of $514.15 per share.
- This disposal was to cover tax obligations.
- Following the transaction, Nalbandian directly owns 18,093 shares of EMCOR Group, Inc. common stock, including shares issuable in respect of restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company insider, which is neither particularly positive nor negative.
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 sale of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 11/08/2024 | Date of stock disposal transaction |
| 11/12/2024 | Date of signature on the Form 4 filing |
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