Form 4: InnovAge CEO Patrick Blair Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
InnovAge Holding Corp.'s CEO, Patrick T. Blair, disposed of 5,053 shares of common stock on September 1, 2024, to satisfy tax obligations related to the vesting of restricted stock units.
Summary
- On September 1, 2024, Patrick T. Blair, the President and CEO of InnovAge Holding Corp., disposed of 5,053 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting and settlement of restricted stock units.
- The shares were disposed of at a price of $6.36 per share.
- Following the transaction, Blair directly owns 616,034 shares of InnovAge Holding Corp.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction to cover tax obligations. It doesn't indicate any fundamental change in the company's prospects or management's confidence.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of transaction: CEO disposed of shares to cover tax obligations. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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