Form 4: Lamb Weston CEO Thomas Werner Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Thomas Werner, President and CEO of Lamb Weston Holdings, Inc., reports changes in beneficial ownership of company stock due to tax withholding and a transfer of shares to a family LLC.
Summary
- On August 6, 2024, Thomas P. Werner, President and CEO of Lamb Weston Holdings, Inc., reported changes in his beneficial ownership of the company's common stock.
- 3,097 shares were withheld to satisfy tax obligations related to the vesting of restricted stock units at a price of $57.38 per share.
- 44,875 shares were transferred to Werner's family LLC since his last report, resulting in a total of 311,875 shares held indirectly through the LLC.
- Following these transactions, Werner directly owns 88,088.4 shares of Lamb Weston common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing routine transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Related Party Transactions
- The transfer of 44,875 shares to the reporting person's family LLC constitutes a related party transaction.
Stakeholder Impact
- The transactions reported have a minimal direct impact on stakeholders, as they primarily reflect internal adjustments to the reporting person's holdings.
Key Dates
| Date | Description |
|---|---|
| 08/06/2024 | Date of transaction involving withholding of shares for tax obligations and transfer of shares to family LLC. |
| 08/07/2024 | Date of signature on the Form 4 filing. |
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