Form 4: Exponent Inc. Executive Richard Reiss Reports Stock Transactions
SEC Form 4 Filing
Group Vice President Richard Reiss of Exponent Inc. reports the conversion of restricted stock units and disposition of shares to cover tax obligations.
Summary
- On March 12, 2025, Richard Reiss, a Group Vice President at Exponent Inc., converted 1,822 restricted stock units into common stock.
- The conversion was on a 1:1 basis, resulting in the acquisition of 1,822 shares of common stock.
- Additionally, 824 shares were disposed of at a price of $82.33 to satisfy tax withholding obligations.
- Following these transactions, Reiss directly owns 2,798 shares of Exponent Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/12/2021 | Date of grant for the vested Restricted Stock Units that were converted. |
| 03/12/2025 | Date of the stock transactions: conversion of restricted stock units and disposition of shares for tax obligations. |
| 03/14/2025 | Date of signature for the Form 4 filing. |
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