Form 4: Emergent BioSolutions Executive Jennifer Lynne Fox Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
EVP Jennifer Lynne Fox reports disposals of Emergent BioSolutions stock to cover tax obligations arising from equity compensation.
Summary
- Jennifer Lynne Fox, an Executive Vice President at Emergent BioSolutions Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On February 29, 2024, she disposed of 4,103 shares of common stock at a price of $3.23 per share to cover tax obligations.
- On March 1, 2024, she disposed of 703 shares of common stock at a price of $3.39 per share for the same reason.
- Following these transactions, Fox directly owns 173,758 shares of Emergent BioSolutions Inc.
- The disposals were executed to satisfy tax withholding requirements related to equity compensation.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, a routine activity.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and potential future performance of the company.
Stakeholder Impact
- The stock disposals are unlikely to have a significant impact on shareholders, as they are related to tax obligations and represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Disposal of 4,103 shares of common stock at $3.23 per share. |
| 03/01/2024 | Disposal of 703 shares of common stock at $3.39 per share. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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