Form 4: Innospec Director Larry Padfield Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Larry Padfield sold 196 shares of Innospec Inc. common stock on February 21, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On February 21, 2025, Larry Padfield, a director of Innospec Inc., sold 196 shares of common stock.
- The sale was executed at a price of $103.3012 per share.
- The transaction was conducted to settle tax withholding obligations associated with the vesting of time-based restricted stock units.
- Following the transaction, Padfield directly owns 7,299 shares of Innospec Inc. common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (sale of shares for tax obligations) and doesn't indicate any particularly positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of transaction: Larry Padfield sold shares of Innospec Inc. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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