Form 4: Exponent Inc. Executive Exercises Stock Options, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Richard Reiss, Group Vice President of Exponent Inc., exercised stock options and disposed of shares to cover tax obligations on March 13, 2024.
Summary
- On March 13, 2024, Richard Reiss, a Group Vice President at Exponent Inc. (EXPO), exercised restricted stock units, converting them into 2,660 shares of common stock.
- Following the conversion, Mr. Reiss disposed of 1,320 shares of common stock at a price of $78.79 to satisfy tax withholding obligations.
- After these transactions, Mr. Reiss directly owns 5,742 shares of Exponent Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a standard transaction related to executive compensation and tax obligations.
Industry Context
This is a routine Form 4 filing, reflecting insider transactions related to stock-based compensation. These filings are common and provide transparency into executive stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/13/2020 | Date of grant for the Restricted Stock Units that vested on March 13, 2024 |
| 03/13/2024 | Date of transaction: exercise of restricted stock units and disposal of shares for tax obligations. |
| 03/15/2024 | Date of signature on the Form 4 filing. |
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