Form 4: Getty Images Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Senior Vice President of Getty Images Holdings, Inc., Kenneth Arrigo Mainardis, sold 28,946 shares of Class A Common Stock on March 25, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- Kenneth Arrigo Mainardis, a Senior Vice President at Getty Images Holdings, Inc., sold 28,946 shares of Class A Common Stock on March 25, 2024.
- The sale was executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
- The shares were sold at a weighted average price of $4.41, with individual trades ranging from $4.10 to $4.99.
- Following the transaction, Mainardis directly owns 220,494 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine stock sale by an executive to cover tax obligations. It doesn't indicate any positive or negative sentiment towards the company's performance or future prospects.
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.
Key Dates
| Date | Description |
|---|---|
| 03/16/2023 | Date of the award agreement for the restricted stock units grant. |
| 03/25/2024 | Date of the stock sale transaction. |
| 03/27/2024 | Date of the Form 4 filing. |
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