Form 4: Green Plains Inc. Executive James F. Herbert II Reports Stock Disposal for Tax Withholding
SEC Filing Form 4
James F. Herbert II, Chief Human Resources Officer of Green Plains Inc., reported disposing of 427 shares of common stock on October 10, 2024, to cover tax withholding obligations related to a vested restricted stock grant.
Summary
- On October 15, 2024, James F. Herbert II, Chief Human Resources Officer of Green Plains Inc., filed a Form 4 with the SEC.
- The form reports a transaction on October 10, 2024, where 427 shares of Green Plains Inc. common stock were disposed of at a price of $13.04 per share.
- This disposal was due to tax withholding requirements on a previously reported restricted stock grant that vested on the specified date.
- Following the transaction, Herbert directly owns 23,428 shares of Green Plains Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock disposal 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 arising from vested stock grants, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 10/10/2024 | Date of stock disposal for tax withholding. |
| 10/15/2024 | Date of Form 4 filing. |
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