Form 4: Gulf Island Fabrication CEO Richard Heo Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Richard Heo, President & CEO of Gulf Island Fabrication Inc., reports the withholding of shares upon vesting of restricted stock units.
Summary
- On May 1, 2024, Richard W. Heo, President & CEO of Gulf Island Fabrication Inc. (GIFI), reported changes in his beneficial ownership of the company's common stock.
- A total of 31,364 shares were withheld to cover taxes upon the vesting of restricted stock units at a price of $6.87 per share.
- Following these transactions, Heo directly owns 923,795 shares of Gulf Island Fabrication Inc.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and the subsequent withholding of shares for tax purposes, a common practice in executive compensation.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction involving the withholding of shares. |
| 05/02/2024 | Date of signature on the 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.