Form 4: Gulf Island Fabrication CEO Richard W. Heo Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Richard W. Heo, President & CEO of Gulf Island Fabrication Inc., reports the disposition of common stock to cover tax obligations.
Summary
- On May 1, 2025, Richard W. Heo, the President & CEO of Gulf Island Fabrication Inc. (GIFI), reported changes in his beneficial ownership of the company's common stock.
- He disposed of 18,246 shares and 13,117 shares of common stock at a price of $7.37 per share.
- These transactions were likely to cover tax obligations.
- Following these transactions, Heo directly owns 879,300 shares of Gulf Island Fabrication Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects standard transactions related to executive compensation and stock ownership.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to tax obligations and do not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of the transactions involving the disposition of common stock. |
| 05/02/2025 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, GIFI, Gulf Island Fabrication, Richard W. Heo, Form 4, SEC, common stock, disposition
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