Form 4: Holley Inc. Executive Carly Kennedy Reports Stock Transaction
SEC Form 4 Filing
Carly Kennedy, EVP & General Counsel of Holley Inc., reports the disposal of 1,490 common stock shares to cover tax withholding upon vesting of restricted shares on May 13, 2024.
Summary
- Carly Kennedy, EVP & General Counsel of Holley Inc., filed a Form 4 on May 15, 2024.
- The report details a transaction on May 13, 2024, where 1,490 shares of common stock were disposed of to cover tax withholding requirements.
- This disposal occurred upon the vesting of 4,308 restricted shares.
- The price per share for the transaction was $3.93.
- Following the transaction, Kennedy directly owns 224,688 shares of Holley Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: 1,490 shares of common stock disposed of to cover tax withholding upon vesting of restricted shares. |
| 05/13/2024 | Vesting date of 4,308 restricted shares of common stock. |
| 05/15/2024 | Date of Form 4 filing. |
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