Form 4: Lamb Weston CEO Thomas Werner Reports Stock Transactions
SEC Filing
Thomas P. Werner, President and CEO of Lamb Weston Holdings, Inc., reports the withholding of shares to cover tax obligations and adjustments to share count due to rounding.
Summary
- On July 29, 2024, Thomas P. Werner, the President and CEO of Lamb Weston Holdings, Inc., reported transactions involving the company's common stock.
- Werner had 34,553 shares withheld to satisfy tax obligations related to the vesting of restricted stock units and performance shares at a price of $56.23 per share.
- Following the reported transaction, Werner directly owns 136,060.4 shares of Lamb Weston common stock.
- Werner also indirectly owns 267,000 shares through a Family LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect a broader trend in the industry but is specific to the individual's financial planning and compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related withholding of shares.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of stock transaction (withholding of shares for tax obligations). |
| 07/31/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.