Form 4: Karat Packaging Inc. Executive Daniel Quire Reports Stock Disposal
SEC Form 4 Filing
Chief Revenue Officer Daniel Quire of Karat Packaging Inc. reports disposing of 1,923 shares of common stock to cover tax obligations.
Summary
- On May 14, 2024, Daniel Quire, Chief Revenue Officer of Karat Packaging Inc. (KRT), reported a transaction involving the disposal of 1,923 shares of common stock.
- The shares were disposed of at a weighted average price of $27.4473 per share.
- Following the transaction, Quire directly owns 11,769 shares of Karat Packaging Inc.
- The transaction was executed to satisfy tax obligations related to equity awards.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a routine transaction related to tax obligations.
Industry Context
Executive stock transactions are a common occurrence and are often related to compensation and tax planning. The disposal of shares by an executive may be perceived differently by investors depending on the context and the size of the transaction.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of stock disposal transaction |
| 05/15/2024 | Date of signature on the Form 4 filing |
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