Form 4: Innoviva's Chief Accounting Officer Reports Stock Transaction
SEC Form 4 Filing
Marianne Zhen, Chief Accounting Officer of Innoviva, Inc., reports the withholding of shares to cover income tax obligations related to equity grants.
Summary
- On May 20, 2024, Marianne Zhen, the Chief Accounting Officer of Innoviva, Inc., reported a transaction involving the withholding of 976 common stock shares.
- The shares were withheld by the issuer to satisfy income tax obligations associated with the quarterly vesting of previously granted employee equity grants.
- The price per share was $16.13.
- Following the transaction, Zhen beneficially owns 46,590 shares of Innoviva, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction related to employee compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine administrative action related to employee compensation.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of stock transaction (share withholding). |
| 05/21/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.