Form 4: Exponent Inc. Executive Sally Shepard Reports Stock Transactions
SEC Form 4
Sally Shepard, Chief Human Resources Officer at Exponent Inc., reports the conversion of restricted stock units and subsequent tax withholding.
Summary
- On March 13, 2024, Sally Shepard, Chief Human Resources Officer of Exponent Inc., converted 5,320 restricted stock units into common stock.
- The conversion was on a 1:1 basis.
- Following the conversion, 1,778 shares of common stock were withheld by the company to satisfy tax obligations at a price of $78.79 per share.
- After these transactions, Shepard directly owns 23,745 shares of Exponent Inc. common stock and indirectly owns 20 shares by Son.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This is a routine disclosure of insider transactions, required by the SEC to ensure transparency and prevent insider trading. It provides insight into 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 company strategy or performance.
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: conversion of restricted stock units to common stock and tax withholding. |
| 03/15/2024 | Date of signature for the report. |
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