Form 4: Journey Medical Corp CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Journey Medical Corp's CFO, Joseph Benesch, sold 9,324 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On August 1, 2024, Joseph Benesch, CFO of Journey Medical Corp, sold 9,324 shares of common stock at a price of $5.47 per share.
- The sale was executed to cover tax withholding obligations related to the vesting of restricted stock units on July 31, 2024.
- The CFO had no discretion over the sale, which was conducted automatically according to the company's policies.
- Following the transaction, Benesch still beneficially owns 47,331 shares, including restricted stock units that vest over time.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| July 31, 2024 | Restricted stock units vested, triggering tax obligations. |
| August 01, 2024 | CFO Joseph Benesch sold 9,324 shares to cover tax obligations. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.