Form 4: Innoviva's Chief Accounting Officer Reports Stock Transaction
SEC Form 4 Filing
Marianne Zhen, Chief Accounting Officer of Innoviva, Inc., reports a transaction involving common stock to cover income tax withholding obligations.
Summary
- On August 20, 2024, Marianne Zhen, the Chief Accounting Officer of Innoviva, Inc., reported a transaction involving the company's common stock.
- The transaction involved the disposal of 975 shares at a price of $18.49 per share.
- These shares were withheld by Innoviva to satisfy income tax withholding obligations related to the vesting of previously granted employee equity grants.
- Following the transaction, Zhen directly owns 45,615 shares of Innoviva's common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by a company officer. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of the stock transaction |
| 08/22/2024 | Date of signature on the Form 4 filing |
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