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 1, 2024, Thomas M. Smouse, VP, CHRO & HSE of Gulf Island Fabrication Inc., reported the disposition of 812 and 1,130 shares of common stock.
- The shares were disposed of to cover tax obligations related to the vesting of restricted stock units at a price of $6.87 per share.
- Following the transactions, Smouse directly owns 71,184 shares of Gulf Island Fabrication Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions for tax purposes, and doesn't indicate a significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of stock transactions (disposition of shares). |
| 05/02/2024 | Date of signature on the Form 4 filing. |
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