Form 4: Fulgent Genetics CFO Paul Kim Reports Tax-Related Stock Disposals
SEC Filing
Paul Kim, CFO and Treasurer of Fulgent Genetics, reported the disposal of shares to cover tax obligations arising from vesting restricted stock units.
Summary
- On June 1, 2024, Paul Kim, CFO and Treasurer of Fulgent Genetics, disposed of 1,129 and 424 shares of common stock to satisfy tax withholding obligations.
- The disposals were related to the vesting of restricted stock units granted on February 28, 2022.
- The price per share for both transactions was $20.65.
- Following the reported transactions, Kim beneficially owns 216,038 shares of Fulgent Genetics common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices and tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The disposal of shares is unlikely to have a significant impact on shareholders as it is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| February 28, 2022 | Date of grant of restricted stock units that led to the tax obligations. |
| March 2, 2022 | Original Form 4 filing date for the restricted stock unit grant. |
| June 1, 2024 | Date of stock disposal to cover tax obligations. |
| June 4, 2024 | Date of signature on the Form 4 filing. |
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