Form 4: Interpublic Group SVP, Controller & CAO Christopher Carroll Reports Stock Transactions
SEC Form 4 Filing
Christopher Carroll, SVP, Controller & CAO of Interpublic Group, reports acquisition of performance-based shares, tax obligation fulfillment, and open market sale of common stock.
Summary
- On February 26, 2024, Christopher Carroll acquired 14,420 shares of common stock at $32.41 per share due to performance-based awards.
- Also on February 26, 2024, 10,458 shares were disposed of to cover withholding tax obligations at $32.41 per share.
- On February 27, 2024, Carroll sold 18,382 shares in the open market at an average price of $32.20, with prices ranging from $32.07 to $32.43.
- Following these transactions, Carroll beneficially owns 42,390 shares of Interpublic Group common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It simply reports facts.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, providing transparency to the market regarding their holdings and trading activities. It's a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
- The transactions are unlikely to significantly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Acquisition of 14,420 performance-based shares and disposal of 10,458 shares for tax obligations. |
| 02/27/2024 | Open market sale of 18,382 shares. |
| 02/28/2024 | Date of signature for the report. |
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