Form 4: Exponent Inc. EVP Richard L. Schlenker Jr. Reports Stock Transactions
SEC Form 4 Filing
Richard L. Schlenker Jr., EVP & CFO of Exponent Inc., reports the conversion of restricted stock units and subsequent tax withholding.
Summary
- On March 13, 2024, Richard L. Schlenker Jr., EVP & CFO of Exponent Inc., converted 8,864 restricted stock units into common stock.
- The conversion was on a 1:1 basis.
- Following the conversion, 4,291 shares of common stock were withheld by the company to satisfy tax obligations at a price of $78.79 per share.
- After these transactions, Schlenker directly owns 293,816 shares of Exponent Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in the number of outstanding shares, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 03/13/2020 | Date of grant for the vested Restricted Stock Units. |
| 03/13/2024 | Date of transaction: conversion of restricted stock units to common stock and tax withholding. |
| 03/15/2024 | Date of report signature. |
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