Form 4: Limoneira CFO Mark Palamountain Reports Stock Transaction
SEC Form 4 Filing
CFO and Treasurer of Limoneira, Mark Palamountain, reports the withholding of 16,133 common stock shares for tax liability related to restricted stock vesting.
Summary
- On March 7, 2024, Mark Palamountain, CFO and Treasurer of Limoneira CO [LMNR], reported a transaction involving the company's common stock.
- A total of 16,133 shares were withheld to cover a tax liability associated with the vesting and distribution of a restricted stock award.
- The price per share was $18.18.
- Following the transaction, Palamountain directly owns 102,824 shares of Limoneira common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's overall performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and tax obligations, which is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily concerns the CFO's personal holdings and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of stock transaction (shares withheld for tax liability). |
| 03/08/2024 | Signature date of the report. |
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