Form 4: Gulf Island Fabrication CEO Richard Heo Reports Stock Transactions
SEC Form 4 Filing
Richard Heo, President & CEO of Gulf Island Fabrication, reports disposition of common stock to cover vesting of restricted stock units.
Summary
- Richard W. Heo, the President & CEO of Gulf Island Fabrication Inc., filed a Form 4 on May 28, 2024.
- The form reports transactions that occurred on May 26, 2024.
- Heo disposed of 19,675 shares of common stock at a price of $7.08 per share to cover the vesting of restricted stock units.
- He also disposed of 6,559 shares of common stock at a price of $7.08 per share to cover the vesting of restricted stock units.
- Following these transactions, Heo beneficially owns 897,561 shares of Gulf Island Fabrication Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and are publicly available to ensure transparency in the market.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership, but the overall impact is likely minimal as it relates to vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 05/26/2024 | Date of stock transactions (disposal of shares). |
| 05/28/2024 | Date of Form 4 filing. |
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