Form 4: Chesapeake Energy Director Michael Wichterich Reports Tax Withholding Share Forfeiture
SEC Form 4 Filing
Michael Wichterich, a director at Chesapeake Energy, forfeited 658 common stock shares to cover tax obligations related to a restricted stock award.
Summary
- On March 15, 2024, Michael Wichterich, a director of Chesapeake Energy Corp, reported a transaction involving the forfeiture of 658 shares of common stock.
- The shares were forfeited to satisfy tax withholding obligations related to the vesting of a previously disclosed restricted stock award.
- The price per share was $83.47.
- Following the transaction, Wichterich directly owns 26,274 shares of Chesapeake Energy common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard tax-related transaction, so it doesn't carry strong positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of the transaction where 658 shares were forfeited to cover tax obligations. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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