Form 4: Exponent Inc. CEO Catherine Corrigan Reports Stock Transactions
SEC Form 4 Filing
Catherine Corrigan, President & CEO of Exponent Inc., reports the conversion of restricted stock units and the withholding of shares for tax obligations.
Summary
- On March 13, 2024, Catherine Corrigan, President & CEO of Exponent Inc., converted 12,410 restricted stock units into common stock.
- The conversion was on a 1:1 basis.
- Also on March 13, 2024, 6,008 shares of common stock were withheld by the company to satisfy tax withholding obligations at a price of $78.79.
- Following these transactions, Corrigan directly owns 79,719 shares of Exponent Inc. common stock.
- The transactions were reported on March 15, 2024.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/13/2020 | Date of grant for the vested Restricted Stock Units. |
| 03/13/2024 | Conversion of restricted stock units to common stock and tax withholding. |
| 03/15/2024 | Date of Form 4 filing. |
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