Form 4: Innospec Director Leslie J. Parrette Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Leslie J. Parrette sold shares of Innospec Inc. to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 13, 2025, Leslie J. Parrette, a director of Innospec Inc. (IOSP), sold a total of 446 shares of common stock.
- The sales were executed in two transactions at prices of $90.5965 and $90.68 per share.
- These transactions were conducted to settle tax withholding obligations associated with the vesting of time-based restricted stock units.
- Following the reported transactions, Parrette beneficially owns 5,497 shares of Innospec Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock sales for tax purposes, indicating a neutral sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and directors.
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 |
|---|---|
| 05/13/2025 | Date of the stock sale transactions. |
| 05/15/2025 | Date of signature on the Form 4 filing. |
Keywords
Innospec Inc., Director, Leslie J. Parrette, Form 4, Share Sale, Tax Obligations, Restricted Stock Units, IOSP
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