Form 4: HealthEquity Executive Delano Ladd Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Delano Ladd, EVP, GC & Corporate Secretary of HealthEquity, Inc., disposed of 1,684 shares of common stock on April 3, 2024, to cover tax obligations.
Summary
- On April 3, 2024, Delano Ladd, the EVP, GC & Corporate Secretary of HealthEquity, Inc., disposed of 1,684 shares of common stock.
- The transaction was executed at a price of $80.5956 per share.
- Following the transaction, Ladd directly owns 65,216 shares of HealthEquity, Inc.
- The disposal was related to covering tax obligations.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock disposal for tax purposes.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of stock disposal transaction |
| 04/04/2024 | Date of Form 4 filing |
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