Form 4: FTI Consulting CEO Steven Gunby Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
FTI Consulting's CEO, Steven Gunby, disclosed the disposal of company stock to cover tax liabilities related to vested restricted stock and restricted stock units.
Summary
- Steven Henry Gunby, the President & CEO of FTI Consulting, Inc., reported the disposal of common stock between March 8, 2024, and March 10, 2024.
- The disposals were executed to cover tax liabilities associated with the vesting of restricted stock and restricted stock units.
- A total of 7,197 shares were disposed of at a price of $204.08 per share.
- Following these transactions, Gunby directly owns 311,297 shares of FTI Consulting, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax obligations. The disclosure provides transparency into executive holdings and transactions.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of first reported transaction: disposal of 1,342 shares for tax liability on vested restricted stock. |
| 03/08/2024 | Disposal of 1,703 shares for tax liability on vested restricted stock units. |
| 03/09/2024 | Disposal of 2,222 shares for tax liability on vested restricted stock. |
| 03/10/2024 | Disposal of 1,930 shares for tax liability on vested restricted stock. |
| 03/12/2024 | Date of Form 4 filing. |
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