Form 4: Chesapeake Energy VP-Accounting & Controller Reports Stock Forfeiture for Tax Obligations
SEC Form 4 Filing
Gregory M. Larson, VP-Accounting & Controller at Chesapeake Energy, forfeited 147 shares to cover tax obligations related to a restricted stock award.
Summary
- On April 6, 2024, Gregory M. Larson, VP-Accounting & Controller of Chesapeake Energy Corp, reported a transaction involving the forfeiture of 147 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 $89.51.
- Following the transaction, Larson beneficially owns 4,855 shares of Chesapeake Energy Corp.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard tax obligations on vested stock. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This specific filing relates to the forfeiture of shares to cover tax obligations, which is a common occurrence when restricted stock awards vest.
Key Dates
| Date | Description |
|---|---|
| 04/06/2024 | Date of stock forfeiture transaction. |
| 04/09/2024 | Date of signature on the Form 4 filing. |
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