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, sold 915 shares of Class A Common Stock on June 10, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On June 10, 2024, Daine Marc Weston, Senior VP of Ecommerce at Getty Images Holdings, Inc., sold 915 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $3.64 per share, with individual trades ranging from $3.55 to $3.72.
- The transaction was conducted under a Rule 10b5-1 trading plan to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Weston directly owns 99,849 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The document describes a routine stock sale by an executive to cover tax obligations. It doesn't indicate any significant positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
Insider trading activity is common and closely monitored, especially sales executed under 10b5-1 plans, which are designed to prevent accusations of trading on non-public information. This sale appears to be routine and related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| December 5, 2022 | Date of the award agreement for the restricted stock units grant. |
| June 10, 2024 | Date of the transaction (stock sale). |
| June 18, 2024 | Date of the Form 4 filing. |
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