Form 4: Gulf Island Fabrication CEO Richard Heo Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Richard Heo, CEO of Gulf Island Fabrication, reports withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On April 1, 2024, Richard W. Heo, the President & CEO and a director of Gulf Island Fabrication Inc. (GIFI), had shares of common stock withheld to cover tax obligations.
- A total of 13,117 shares were withheld at a price of $7.5, resulting in Heo owning 970,244 shares directly.
- An additional 15,085 shares were withheld at a price of $7.5, resulting in Heo owning 955,159 shares directly.
- The transactions were reported on a Form 4 filed with the SEC on April 3, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to executive compensation. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of share withholding for tax obligations. |
| 04/03/2024 | Date of SEC Form 4 filing. |
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