Form 4: Exponent Inc. EVP Richard L. Schlenker Jr. Reports Stock Transactions
SEC Form 4 Filing
Richard L. Schlenker Jr., EVP & Chief Financial Officer of Exponent Inc., reports the conversion of restricted stock units and subsequent tax withholding.
Summary
- Richard L. Schlenker Jr., an EVP & Chief Financial Officer at Exponent Inc. (EXPO), filed a Form 4 detailing changes in beneficial ownership.
- On March 12, 2025, Schlenker converted 5,826 restricted stock units into common stock on a 1:1 basis.
- Following the conversion, 2,821 shares of common stock were withheld by the company to satisfy tax obligations at a price of $82.33 per share.
- After these transactions, Schlenker directly owns 221,879 shares of Exponent Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates activity related to equity compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 03/12/2021 | Date of grant for the vested Restricted Stock Units that were converted. |
| 03/12/2025 | Date of transaction: conversion of restricted stock units to common stock and tax withholding. |
| 03/14/2025 | Date of signature for the Form 4 filing. |
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