Form 4: Guardant Health CFO Michael Bell Reports Stock Transactions
SEC Form 4 Filing
Michael Bell, CFO of Guardant Health, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- Michael Bell, the Chief Financial Officer of Guardant Health, Inc., filed a Form 4 on September 16, 2024, reporting transactions involving the company's stock.
- On September 15, 2024, Mr. Bell had restricted stock units vest, resulting in the acquisition of 1,233 and 2,039 shares of common stock.
- The company withheld 1,659 shares to cover tax obligations related to the vesting of the restricted stock units at a price of $26.79.
- Following these transactions, Mr. Bell beneficially owns 20,026 shares of common stock directly.
- He also owns 7,398 and 14,273 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices; therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation.
Key Dates
| Date | Description |
|---|---|
| May 9, 2022 | Date of restricted stock unit award that vests over a four-year period. |
| March 15, 2023 | 25% of the shares subject to the restricted stock unit award granted on May 9, 2022 vests. |
| June 9, 2023 | Date of restricted stock unit award that vests over a three-year period. |
| June 15, 2024 | 33% of the shares subject to the restricted stock unit award granted on June 9, 2023 vests. |
| September 15, 2024 | Date of stock transactions: vesting of restricted stock units and tax withholding. |
| September 16, 2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.