Form 4: Hawkins Inc. Executive Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Douglas A. Lange, VP of Water Treatment Group at Hawkins Inc., disposed of 2,152 shares of common stock on April 1, 2024, to cover tax obligations related to equity awards.
Summary
- On April 1, 2024, Douglas A. Lange, VP of Water Treatment Group at Hawkins Inc., disposed of 2,152 shares of common stock at a price of $74.62 per share.
- This transaction was executed to cover tax obligations related to the vesting of restricted stock or similar equity awards.
- Following the transaction, Lange directly owns 20,418.4716 shares of Hawkins Inc.
- Lange also indirectly owns 589.412 shares through an ESOP Trustee and 941.214 shares through an IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider stock transactions, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of company insiders. This specific filing indicates a common practice of executives selling shares to cover tax obligations arising from equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations and does not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock disposal transaction. |
| 04/03/2024 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.