Form 4: Exact Sciences Corp: Executive James Herriott Reports Stock Transactions
SEC Form 4
James Herriott, SVP, General Counsel & Secretary of Exact Sciences Corp, reports transactions involving common stock and restricted stock units, resulting in an adjusted beneficial ownership.
Summary
- On February 19, 2025, James Herriott vested 865 shares of common stock from restricted stock units and sold 433 shares to cover tax obligations at $49.63.
- On February 20, 2025, Herriott received 3,324 shares from performance share units and sold 1,531 shares to cover tax obligations at $50.48.
- Following these transactions, Herriott directly owns 12,091 shares of Exact Sciences Corp common stock and indirectly owns 1,556 shares through a 401(k) plan.
- Herriott also holds 22,119 vested and unvested options and restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an executive, with no inherent positive or negative implications for the company's overall outlook.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, which is standard practice in publicly traded companies to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in ownership by a company executive.
- The transactions have no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/19/2021 | Date of restricted stock unit award that vests in four equal annual installments from the grant date. |
| 02/19/2025 | Vesting of restricted stock units and sale of shares for tax withholding. |
| 02/20/2025 | Settlement of performance share units and sale of shares for tax withholding. |
| 02/21/2025 | Date of signature for the Form 4 filing. |
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