Form 4: Lamb Weston Executive Younes Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Steven J. Younes, Chief Human Resources Officer of Lamb Weston Holdings, Inc., sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- On August 6, 2024, Steven J. Younes, the Chief Human Resources Officer of Lamb Weston Holdings, Inc., disposed of 296 shares of common stock to satisfy tax withholding obligations.
- The shares were sold at a price of $57.38 per share.
- Following the transaction, Younes directly owns 18,692.41 shares of Lamb Weston Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This provides transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/06/2024 | Date of transaction: Steven J. Younes disposed of shares to cover tax obligations. |
| 08/07/2024 | Date of signature: Form 4 signed by Eryk J. Spytek by Power of Attorney. |
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