Form 4: iRhythm Technologies CFO Bobzien Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
iRhythm Technologies' Chief Financial Officer, Brice Bobzien, sold 1,372 shares of common stock on August 9, 2024, to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On August 9, 2024, Brice Bobzien, the Chief Financial Officer of iRhythm Technologies, Inc. (IRTC), sold 1,372 shares of the company's common stock.
- The shares were sold at a price of $70.34 per share.
- The transaction was executed to cover tax withholding and remittance obligations associated with the vesting of Restricted Stock Units.
- Following the transaction, Bobzien directly owns 24,428 shares of iRhythm Technologies.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares by company executives are a normal part of corporate governance. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest. These sales are usually not indicative of the company's performance or future prospects.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Date of stock sale transaction |
| 08/12/2024 | Date of signature on the Form 4 filing |
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