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 July 29, 2024, Steven J. Younes, the Chief Human Resources Officer of Lamb Weston Holdings, Inc., disposed of 307 shares of common stock.
- The shares were sold at a price of $56.23 per share.
- This transaction was to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Younes directly owns 18,988.41 shares of Lamb Weston Holdings, Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral. The filing reflects a routine transaction to cover tax obligations, which is a normal part of executive compensation. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction appears to be a standard sale to cover tax obligations, which is a common practice among executives receiving stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of transaction: Steven J. Younes disposed of 307 shares of Lamb Weston common stock. |
| 07/31/2024 | Date of signature on the Form 4 filing. |
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