Form 4: Exponent Inc. Executive John Pye Reports Stock Transactions
SEC Form 4 Filing
Group Vice President John Pye of Exponent Inc. reports the conversion of restricted stock units and subsequent tax withholding.
Summary
- On March 13, 2024, John Pye, Group Vice President at Exponent Inc., converted 592 shares of vested Restricted Stock Units into common stock.
- The conversion was on a 1:1 basis.
- Following the conversion, 238 shares of common stock were withheld by the company to satisfy tax obligations at a price of $78.79.
- After these transactions, Pye directly owns 32,378 shares of Exponent Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding executive compensation and stock ownership.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects routine executive compensation and does not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 03/13/2020 | Date of grant for the Restricted Stock Units that vested and were converted. |
| 03/13/2024 | Date of transaction: conversion of Restricted Stock Units to Common Stock and tax withholding. |
| 03/15/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.