Form 4: Innoviva's Chief Accounting Officer, Marianne Zhen, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Marianne Zhen, Chief Accounting Officer of Innoviva, Inc., reports the withholding of shares by the issuer to cover income tax obligations related to equity grants.
Summary
- On February 20, 2025, Innoviva, Inc. withheld 2,565 shares of common stock from Marianne Zhen, the Chief Accounting Officer.
- The shares were withheld to satisfy income tax obligations associated with the vesting of previously granted employee equity grants.
- Following the transaction, Zhen directly owns 42,374 shares of Innoviva common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, indicating normal business operations. There are no indications of positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of transaction where shares were withheld to cover income tax obligations. |
| 02/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Innoviva, Marianne Zhen, Form 4, Beneficial Ownership, Equity Grants, Tax Withholding, INVA, Chief Accounting Officer
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