Form 4: LiveRamp CEO Howe Sells Shares to Cover Tax Obligations
SEC Form 4
LiveRamp Holdings CEO Scott E. Howe sold shares on May 22, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On May 22, 2024, Scott E. Howe, the CEO of LiveRamp Holdings, Inc., disposed of shares of common stock to satisfy tax obligations related to the vesting of restricted stock units.
- A total of 24,158 shares were disposed of at a price of $32.34 per share.
- After the transactions, Howe directly owns 988,851 shares of LiveRamp common stock and indirectly owns 3,148.0113 shares through a managed account.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (covering tax obligations) and doesn't indicate any significant positive or negative sentiment. It's a neutral event in the context of the company's overall performance.
Industry Context
Executive share sales for tax purposes are a common occurrence, particularly around vesting events for stock options or restricted stock units. This activity is generally viewed as a routine part of executive compensation and financial planning.
Stakeholder Impact
- The share sale by the CEO could have a minor, temporary impact on the stock price due to the increased supply of shares, but it's unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of the transactions (share disposals to cover tax obligations). |
| 05/23/2024 | Date of signature on the Form 4 filing. |
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