Form 4: Enerpac Tool Group Executive Sells Shares to Cover Tax Obligations
SEC Filing
Patrick Shannon Burns, Head of Financial Planning at Enerpac Tool Group, disposed of 78 shares of Class A Common Stock on October 19, 2024, to cover tax obligations.
Summary
- On October 19, 2024, Patrick Shannon Burns, Head of Financial Planning at Enerpac Tool Group, disposed of 78 shares of Class A Common Stock.
- The transaction was executed at a price of $44.03 per share.
- Following the transaction, Burns directly owns 6,263 shares of Enerpac Tool Group Corp.
- The sale was conducted to cover tax obligations.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction. It's neither particularly positive nor negative for the company's outlook.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. This provides transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a small sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 10/19/2024 | Date of the stock transaction (disposal of shares). |
| 10/22/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.