Form 4: Getty Images Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Daine Marc Weston, Senior VP of Ecommerce at Getty Images Holdings, Inc., sold 10,227 shares of Class A Common Stock on June 25, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On June 25, 2024, Daine Marc Weston, Senior VP of Ecommerce at Getty Images Holdings, Inc., sold 10,227 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $3.23 per share, with individual trades ranging from $3.07 to $3.34.
- The transaction was conducted under a Rule 10b5-1 trading plan to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
- Following the transaction, Weston directly owns 89,622 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Insider sales are a common occurrence, especially when related to tax obligations from vesting equity. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on current market information.
Key Dates
| Date | Description |
|---|---|
| 06/05/2023 | Date of the award agreement for the restricted stock units grant. |
| 06/25/2024 | Date of the stock sale transaction. |
| 06/27/2024 | Date of the Form 4 filing. |
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