Form 4: Klaviyo's Chief People Officer, Carmel Galvin, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Carmel Galvin, Chief People Officer of Klaviyo, Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On February 15, 2025, Carmel Galvin, the Chief People Officer of Klaviyo, Inc., had shares of Series A Common Stock withheld by the issuer to cover tax obligations related to the vesting and settlement of restricted stock units (RSUs).
- A total of 20,135 shares were withheld at a price of $47 per share.
- Following the transaction, Galvin beneficially owns 629,237 shares, consisting of 67,682 shares of Series A Common Stock and 561,555 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related event.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of transaction involving the withholding of shares for tax obligations. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Klaviyo, Carmel Galvin, Chief People Officer, Form 4, Beneficial Ownership, Series A Common Stock, Restricted Stock Units, Tax Withholding
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