Form 4: Intevac CFO Kevin Soulsby Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Kevin Soulsby, CFO of Intevac Inc., disposed of 9,579 shares of common stock on July 10, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On July 10, 2024, Kevin Soulsby, the Chief Financial Officer of Intevac Inc., disposed of 9,579 shares of common stock.
- The transaction was executed to cover tax obligations.
- Following the transaction, Soulsby directly owns 36,566 shares and indirectly owns 33,651 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company insider, with no inherent 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 impact on shareholders as it is a routine disposal to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/10/2024 | Date of stock disposal transaction |
| 07/11/2024 | Date of signature on the Form 4 filing |
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