Form 4: Gulf Island Fabrication Executive Reports Stock Transactions
SEC Form 4 Filing
Thomas M. Smouse, VP, CHRO & HSE of Gulf Island Fabrication, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On May 26, 2024, Thomas M. Smouse, VP, CHRO & HSE of Gulf Island Fabrication Inc. (GIFI), disposed of 1,218 shares of common stock at a price of $7.08.
- An additional 812 shares were disposed of on the same date at the same price.
- These transactions were related to the vesting of restricted stock units.
- Following these transactions, Smouse directly owns 69,154 shares of Gulf Island Fabrication Inc.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/26/2024 | Date of stock disposition. |
| 05/28/2024 | Date of signature on the Form 4 filing. |
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