Form 4: Exelixis EVP, Commercial, Patrick J. Haley, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Patrick J. Haley, EVP, Commercial at Exelixis, Inc., reports changes in beneficial ownership of company stock due to tax withholdings upon vesting of restricted stock units.
Summary
- On May 15, 2024, Patrick J. Haley, EVP, Commercial at Exelixis, Inc., reported changes in beneficial ownership of Exelixis common stock.
- These changes resulted from the withholding of shares by Exelixis to cover taxes payable upon the vesting of restricted stock units (RSUs).
- The transactions involved the withholding of 4,435 shares, 7,548 shares, 8,960 shares, and 10,101 shares at a price of $20.99 per share.
- Following these transactions, Haley directly owns 355,036 shares of Exelixis common stock.
- Haley also indirectly owns 23,539 shares through his spouse and 10,648 shares through his 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock ownership, and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The transactions have no immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/19/2020 | Restricted stock units awarded. |
| 03/04/2021 | Restricted stock units awarded. |
| 03/04/2022 | Restricted stock units awarded. |
| 04/03/2023 | Restricted stock units awarded. |
| 04/30/2024 | Acquired shares through Employee Stock Purchase Plan. |
| 05/14/2024 | Date of 401(k) plan statement. |
| 05/15/2024 | Date of transaction (stock withholding for taxes). |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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