Form 4: Kodiak Gas Services Executive VP & CFO John Griggs Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Executive VP & CFO of Kodiak Gas Services, John Griggs, reports disposing of shares to cover tax obligations related to vesting restricted shares.
Summary
- On July 3, 2024, John Griggs, Executive VP & CFO of Kodiak Gas Services, Inc. (KGS), disposed of 2,334 shares of common stock to satisfy tax withholding obligations.
- The transaction was executed at a price of $27.9 per share.
- Following the transaction, Griggs directly owns 58,180 shares of Kodiak Gas Services, Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reports a routine transaction related to tax obligations. It's a standard procedure and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/03/2024 | Date of the share disposal transaction. |
| 07/08/2024 | Date of signature for the report. |
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