Form 4: Lamb Weston Holdings Executive Michael Smith Reports Stock Transaction
SEC Form 4
Chief Operating Officer Michael Smith of Lamb Weston Holdings reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On August 6, 2024, Michael Jared Smith, Chief Operating Officer of Lamb Weston Holdings, Inc., reported a transaction involving common stock.
- The transaction involved the withholding of 1,107 shares of common stock at a price of $57.38 to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Smith directly owns 71,084.8 shares of Lamb Weston Holdings, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who receive stock options or restricted stock units as part of their compensation. It provides transparency into insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 08/06/2024 | Date of the stock transaction (withholding of shares). |
| 08/07/2024 | Date of signature on the Form 4 filing. |
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