Form 4: Holley Inc. CEO Matthew Stevenson Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Holley Inc. CEO Matthew Stevenson disposed of 102,875 shares to cover tax obligations upon the vesting of restricted shares on June 6, 2024.
Summary
- On June 6, 2024, Matthew Stevenson, the President and CEO of Holley Inc., disposed of 102,875 shares of common stock.
- The shares were withheld to cover required tax withholding upon the vesting of 250,000 restricted shares.
- The transaction occurred at a price of $3.66 per share.
- Following the transaction, Stevenson directly owns 2,316,836 shares of Holley Inc.
- The reporting was filed on June 10, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the disposal of shares by the CEO, but it is primarily related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of transaction: Disposal of shares to cover tax withholding. |
| 06/06/2024 | Vesting date of 250,000 restricted shares. |
| 06/10/2024 | Date of Form 4 filing. |
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