Form 4: JBT Corp Executive Jessi L Corcoran Reports Stock Disposals to Cover Tax Obligations
SEC Filing (Form 4)
Jessi L Corcoran, VP, Corporate Controller & CAO of John Bean Technologies Corp (JBT), reported disposing of shares to cover tax obligations arising from vesting of restricted stock.
Summary
- On March 8, 2024, Jessi L Corcoran, VP, Corporate Controller & CAO of John Bean Technologies Corporation (JBT), disposed of 99 shares of common stock at a price of $104.11.
- Additionally, on the same day, Corcoran disposed of 107 shares of common stock, also at $104.11.
- These transactions were reported on a Form 4 filing with the SEC.
- Following these transactions, Corcoran directly owns 2,762 shares of JBT common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock disposals for tax purposes and doesn't indicate any significant change in the executive's holdings or outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of stock disposal transactions |
| 03/12/2024 | Date of signature on the Form 4 filing |
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