Form 4: Innospec Inc. Executive Hardy Louis Griffin III Reports Stock Transaction
SEC Form 4 Filing
Hardy Louis Griffin III, SVP of Human Resources at Innospec Inc., reports the disposal of 989 shares of common stock to cover income tax liability on a restricted stock unit vesting.
Summary
- On May 14, 2024, Hardy Louis Griffin III, SVP of Human Resources at Innospec Inc., disposed of 989 shares of common stock.
- The transaction was executed to settle income tax liability incurred upon the vesting of a restricted stock unit award.
- The price per share was $128.82.
- Following the transaction, Griffin directly owns 5,048 shares of Innospec Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of a restricted stock unit and the subsequent sale of shares to cover tax obligations, a common practice among executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of stock transaction and vesting of restricted stock unit award. |
| 05/16/2024 | Date of signature on the Form 4 filing. |
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.