Form 4: First Business Financial Services Officer Disposes of Shares to Cover Tax Obligations
SEC Filing
Laura M. Garcia, Chief Risk Officer of First Business Financial Services, disposed of 162 shares of common stock on May 16, 2024, to cover tax obligations.
Summary
- On May 16, 2024, Laura M. Garcia, the Chief Risk Officer of First Business Financial Services, disposed of 162 shares of common stock.
- The transaction was executed at a price of $34.5 per share.
- Following the transaction, Garcia directly owns 3,089 shares of First Business Financial Services common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction related to tax obligations. It doesn't indicate any significant positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. This filing indicates a transaction by a company insider and is publicly available information.
Stakeholder Impact
- The disposal of shares by an officer could have a minor impact on shareholder sentiment, but is unlikely to be significant given the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Laura M. Garcia disposed of 162 shares of common stock. |
| 05/20/2024 | Date of signature: Peter J. Wilder signed the document on behalf of Laura M. Garcia. |
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