Form 4: iRobot Corp Executive Faris Habbaba Reports Share Disposal to Cover Tax Obligations

Faris Habbaba, Chief R&D Officer at iRobot Corp, disposed of 190 shares of common stock on March 11, 2024, to cover tax withholding obligations.

Summary

• On March 11, 2024, Faris Habbaba, the Chief R&D Officer of iRobot Corp, reported a transaction involving the disposal of 190 shares of common stock.
• The shares were disposed of at a price of $10.7 per share.
• This transaction was executed to satisfy tax withholding obligations related to the vesting of performance share units.
• Following the transaction, Habbaba directly owns 62,827 shares of iRobot Corp.
• A power of attorney was executed on March 11, 2024, granting Glen D. Weinstein, Tonya Drake, Gregg Katz, and Paul Rosie the authority to act on Habbaba's behalf in matters related to securities filings.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an executive's stock transactions for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the company's overall outlook or performance.

Key Dates