Form 4: Korn Ferry Executive Disposes Shares for Tax Obligations Following Restricted Stock Vesting

Korn Ferry officer Michael Distefano disposed of 369 shares of common stock to cover tax withholding obligations related to restricted stock vesting.

Summary

• Michael Distefano, Chief Executive Officer of Professional Search & Interim at Korn Ferry, disposed of 369 shares of common stock.
• The transaction occurred on July 9, 2025, at a price of $74.89 per share.
• This disposition was made to satisfy tax withholding obligations associated with the vesting of 725 shares of restricted stock.
• Following this transaction, Michael Distefano beneficially owns 50,921 shares of Korn Ferry common stock.
• The reported beneficial ownership includes 336 shares previously acquired by the reporting person under the Korn Ferry Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: The transaction is a routine disposition of shares to cover tax obligations upon restricted stock vesting, indicating a positive compensation event for the executive, which is generally neutral to slightly positive for the company.

Positives

• The vesting of 725 shares of restricted stock represents earned compensation for the executive, indicating a positive event for the individual.

Negatives

• No direct negatives are identified from this transaction, as it is a standard disposition for tax purposes related to compensation.

Future Outlook

NA

Management Comments

• The disposition of shares was solely to satisfy the tax withholding obligations of the Issuer with respect to the vesting of restricted stock held by the Reporting Person.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation and tax obligations, which does not directly reflect broader industry trends.

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes is a routine event and has a minimal, if any, direct impact on the broader shareholder base.
• Executive: Michael Distefano received vested shares, net of the shares disposed for tax withholding, representing a realization of compensation.

Key Dates

Keywords

KORN FERRY, KFY, Michael Distefano, Form 4, SEC filing, insider transaction, stock disposition, restricted stock, tax withholding, executive compensation