Form 4: Global Water Resources Executive Steven D. Brill Reports Stock Transaction
SEC Form 4 Filing
Steven D. Brill, VP of IT Operations at Global Water Resources, Inc., reports the disposal of 613 shares of common stock to cover tax obligations related to vesting restricted stock.
Summary
- On May 14, 2024, Steven D. Brill, VP of IT Operations at Global Water Resources, Inc., disposed of 613 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of 1,750 restricted stock shares.
- The price per share was $12.83.
- Following the transaction, Brill beneficially owns 3,436 shares of Global Water Resources, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested stock, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of stock transaction |
| 05/16/2024 | Date of signature by attorney-in-fact |
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