Form 4: Hyliion Holdings Corp. Executive Cheri Lantz Reports Stock Transaction
SEC Form 4 Filing
Cheri Lantz, Chief Strategy Officer of Hyliion Holdings Corp., reports disposition of shares to cover tax obligations related to vesting of restricted stock units.
Summary
- On May 28, 2024, Cheri Lantz, Chief Strategy Officer of Hyliion Holdings Corp., reported a transaction involving the disposition of 2,435 shares of common stock.
- The shares were withheld for the payment of a tax liability related to the vesting and distribution of restricted stock units.
- The transaction price was $1.46 per share.
- Following the transaction, Lantz beneficially owns 505,559 shares of Hyliion Holdings Corp.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a common practice for executives to sell shares to cover tax liabilities associated with vesting equity.
Key Dates
| Date | Description |
|---|---|
| 05/28/2024 | Date of stock transaction |
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