Form 4: Global Water Resources COO Krygier Sells Shares to Cover Tax Obligations
SEC Form 4
Christopher D. Krygier, COO of Global Water Resources, Inc., sold 2,766 shares of common stock on May 14, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On May 14, 2024, Christopher D. Krygier, the Chief Operating Officer of Global Water Resources, Inc. (GWRS), disposed of 2,766 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of 6,666 restricted stock shares.
- The shares were sold at a price of $12.83 per share.
- Following the transaction, Krygier directly owns 31,494 shares of Global Water Resources, Inc.
Sentiment
Score: 5
Explanation: The document reflects a neutral sentiment as it reports a routine transaction related to tax obligations. It doesn't indicate any significant positive or negative developments for the company.
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 vests.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but it is a common practice to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of transaction: Christopher Krygier disposed of 2,766 shares of common stock. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
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