Form 4: Grand Canyon Education Executive Kathy J. Claypatch Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Kathy J. Claypatch, Chief Information Officer of Grand Canyon Education, Inc., disposed of 661 shares of common stock on March 1, 2024, to cover tax liabilities related to vesting restricted stock.
Summary
- On March 1, 2024, Kathy J. Claypatch, the Chief Information Officer of Grand Canyon Education, Inc. (LOPE), disposed of 661 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock.
- The shares were disposed of at a price of $134.71 per share.
- Following the transaction, Claypatch directly owns 9,820 shares of Grand Canyon Education, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a significant trend or event within the education industry.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Disposal of 661 shares of common stock. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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