Form 4: Heritage Global Inc. CFO Brian J. Cobb Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Brian J. Cobb, CFO of Heritage Global Inc., reports a transaction involving the withholding of shares to cover tax obligations related to restricted stock.
Summary
- On March 19, 2024, Brian J. Cobb, the CFO of Heritage Global Inc., reported a change in beneficial ownership of the company's common stock.
- The transaction involved the withholding of 13,638 shares by Heritage Global Inc. at a price of $2.93 per share.
- This withholding was to satisfy tax obligations related to restricted stock.
- Following the transaction, Cobb directly owns 94,913 shares of Heritage Global Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, engage in transactions involving the company's securities. This provides transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of transaction: Shares withheld by Heritage Global Inc. to satisfy tax withholding on restricted stock |
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.