Form 4: Innospec CEO Patrick Williams Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Innospec's CEO, Patrick Williams, reported disposing of shares to cover income tax liabilities from a restricted stock unit vesting.
Summary
- On March 3, 2025, Patrick Williams, the President & CEO of Innospec Inc., reported a transaction involving the disposal of 12,723 shares of common stock.
- The shares were disposed of to cover income tax liabilities incurred upon the vesting of a restricted stock unit award on February 21, 2025.
- The price per share was $103.66.
- Following the transaction, Williams directly owns 199,689 shares of Innospec Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard practice of covering tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| February 21, 2025 | Restricted stock unit award vesting date. |
| March 03, 2025 | Date of stock disposal transaction. |
| March 04, 2025 | Date of signature on the Form 4. |
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.