Form 4: Fox Factory CEO Michael Dennison Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Fox Factory Holding Corp's CEO, Michael Dennison, disposed of shares to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On February 24, 2024, Michael C. Dennison, CEO of Fox Factory Holding Corp, disposed of 2,330 shares of common stock to satisfy tax obligations.
- The shares were sold at a price of $47.55 per share.
- Following the transaction, Dennison directly owns 79,373 shares of Fox Factory Holding Corp.
- The transaction was reported on February 27, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are common and often related to compensation and tax planning. This transaction is not necessarily indicative of the company's performance or future prospects.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of transaction: Michael Dennison disposed of shares. |
| 02/27/2024 | Date of report filing. |
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