Form 4: Exponent Inc. Executive Maureen T.F. Reitman Reports Stock Transactions
SEC Form 4 Filing
Group Vice President Maureen T.F. Reitman of Exponent Inc. reports the conversion of restricted stock units and subsequent tax withholding.
Summary
- On March 13, 2024, Maureen T.F. Reitman, a Group Vice President at Exponent Inc., converted 6,206 vested Restricted Stock Units into shares of Common Stock.
- The conversion occurred on a 1:1 basis.
- Following the conversion, the company withheld 1,977 shares of common stock at a price of $78.79 to satisfy tax withholding obligations.
- After these transactions, Reitman beneficially owns 32,958 shares of Exponent Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative implications.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/13/2020 | Date of grant for the Restricted Stock Units that were converted. |
| 03/13/2024 | Date of the reported transactions: conversion of Restricted Stock Units and tax withholding. |
| 03/15/2024 | Date of the signature on the Form 4 filing. |
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