Form 4: Innospec SVP Corbin Barnes Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Corbin Barnes, SVP at Innospec Inc., reports disposing of 1,110 shares of common stock to cover income tax liabilities from a restricted stock unit vesting.
Summary
- On May 14, 2024, Corbin Barnes, SVP of Corporate Development and IR at Innospec Inc., disposed of 1,110 shares of common stock.
- The disposal was to cover income tax liability incurred upon the vesting of a restricted stock unit award.
- The transaction was not an open market transaction.
- Following the transaction, Barnes directly owns 8,051 shares of Innospec Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine filing related to stock disposal for tax purposes, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of transaction: disposal of 1,110 shares to cover income tax liability. |
| 05/16/2024 | Date of signature on the Form 4 filing. |
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