Form 4: Exponent Inc. Executive Joseph Rakow Reports Stock Transactions
SEC Form 4 Filing
Group Vice President Joseph Rakow of Exponent Inc. reports the vesting and conversion of restricted stock units into common stock, along with a transaction to cover tax obligations.
Summary
- On March 12, 2025, Joseph Rakow, a Group Vice President at Exponent Inc., converted 2,732 restricted stock units into common stock.
- The conversion was on a 1:1 basis.
- Also on March 12, 2025, 1,159 shares of common stock were withheld by Exponent Inc. at a price of $82.33 to satisfy tax withholding obligations.
- Following these transactions, Rakow directly owns 1,573 shares of Exponent Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's overall performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's a standard practice for executives to receive and vest stock options or restricted stock units as part of their compensation, and subsequent transactions are reported to the public.
Key Dates
| Date | Description |
|---|---|
| 03/12/2021 | Date of grant for the vested Restricted Stock Units. |
| 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 report. |
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