Form 4: GCM Grosvenor Inc. Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Kathleen Patricia Sullivan, Principal Accounting Officer of GCM Grosvenor Inc., disposed of 933 shares of Class A Common Stock to cover tax withholding obligations related to vested restricted stock units.
Summary
- On August 15, 2024, Kathleen Patricia Sullivan, the Principal Accounting Officer of GCM Grosvenor Inc., disposed of 933 shares of Class A Common Stock.
- The transaction was executed to satisfy tax withholding obligations related to the net settlement of vested restricted stock units (RSUs).
- The shares were withheld by the issuer at a price of $10.89 per share.
- Following the transaction, Sullivan directly owns 52,307 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and are publicly available to ensure transparency in the market.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: Kathleen Patricia Sullivan disposed of shares to cover tax obligations. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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