Form 4: Hackett Group CEO Ted Fernandez Reports Stock Transaction
SEC Form 4 Filing
Ted Fernandez, Chairman and CEO of Hackett Group, reports disposition of shares to cover tax obligations.
Summary
- On February 14, 2025, Ted A. Fernandez, Chairman and CEO of Hackett Group, disposed of 42,751 shares of common stock to satisfy tax withholding obligations.
- The transaction was executed at a price of $31.94 per share.
- Following the transaction, Fernandez directly owns 1,691,383 shares, which includes 131,913 unvested RSUs.
- Fernandez also indirectly owns 69,948 shares through the Christina Fernandez Irrevocable Trust (1998) and 87,143 shares through the Ted A. Fernandez, Jr. Irrevocable Trust (1998).
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a standard disclosure of a stock transaction for tax purposes. It doesn't inherently indicate positive or negative performance for the company.
Industry Context
This filing is a routine disclosure of an insider stock transaction. It's common for executives to sell shares to cover tax obligations related to vesting equity awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of stock transaction (disposal of shares). |
| 02/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Hackett Group, Ted Fernandez, stock transaction, Form 4, SEC filing, insider trading, beneficial ownership, RSUs, tax withholding
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