Form 4: Gulf Island Fabrication EVP Westley S. Stockton Reports Stock Transactions
SEC Form 4 Filing
Westley S. Stockton, EVP, CFO, and Secretary/Treasurer of Gulf Island Fabrication Inc., reports the disposal of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On April 1, 2024, Westley S. Stockton, EVP, CFO, and Secretary/Treasurer of Gulf Island Fabrication Inc. (GIFI), disposed of 6,559 shares of common stock at a price of $7.5.
- Additionally, on the same day, Stockton disposed of 7,543 shares of common stock, also at $7.5.
- These transactions were due to the withholding of shares upon the vesting of restricted stock units.
- Following these transactions, Stockton directly owns 506,452 shares of Gulf Island Fabrication Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock disposal transactions |
| 04/03/2024 | Date of signature on the Form 4 filing |
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