Form 4: Insteel Industries SVP and COO Richard Wagner Reports Stock Transactions
SEC Form 4 Filing
Richard Wagner, Senior Vice President and COO of Insteel Industries, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On August 16, 2024, Richard Wagner, Senior Vice President and COO of Insteel Industries, had 1,642 Restricted Stock Units vest, which converted into common stock on a one-for-one basis.
- Following the vesting, 436 shares were withheld for taxes at a price of $32.32 per share.
- After these transactions, Wagner directly owns 42,158 shares of Insteel Industries common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects routine executive compensation and stock ownership changes.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of the earliest transaction: Vesting of Restricted Stock Units and tax withholding. |
| 08/20/2024 | Date of signature on the Form 4 filing. |
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