Form 4: Lifeward Ltd. CEO Lawrence Jasinski Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Lawrence Jasinski sold 2,672 ordinary shares of Lifeward Ltd. to cover tax obligations related to vesting restricted stock units.
Summary
- On September 13, 2024, Lawrence J. Jasinski, CEO of Lifeward Ltd., sold 2,672 ordinary shares.
- The sale was executed to cover tax withholding obligations related to the vesting of restricted stock units (RSUs) granted on September 13, 2023.
- The shares were sold in the open market at a weighted average price of $3.256, with individual sale prices ranging from $3.16 to $3.31.
- The sale was conducted under an automatic sell-to-cover arrangement mandated by the terms of the company's RSU grant agreement.
- Following the transaction, Jasinski directly owns 2,142 ordinary shares and indirectly owns 100,637 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among executives of publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 09/13/2023 | Grant date of restricted stock units (RSUs). |
| 09/13/2024 | Date of share sale and vesting of RSUs. |
| 09/16/2024 | Date of 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.