Form 4: Innospec SVP Hardy Louis Griffin III Reports Stock Transactions
SEC Form 4 Filing
Hardy Louis Griffin III, SVP of Human Resources at Innospec Inc., reports acquisition and disposal of common stock related to a performance-based restricted stock unit award.
Summary
- On February 21, 2025, Hardy Louis Griffin III, SVP of Human Resources at Innospec Inc., acquired 1,625 shares of common stock upon settlement of a performance-based restricted stock unit award granted on February 21, 2022.
- On the same day, 488 shares were withheld to settle income tax liability incurred upon vesting of the restricted stock unit award at a price of $105.07 per share.
- Following these transactions, Griffin directly owns 5,660 shares of Innospec Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company insider, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 21, 2022 | Date of grant for the performance-based restricted stock unit award. |
| February 21, 2025 | Date of stock acquisition and disposal due to settlement of restricted stock unit and tax withholding. |
| February 25, 2025 | Date of signature on the Form 4 filing. |
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