Form 4: LiveRamp CEO Scott Howe Exercises Stock Options, Sells Shares for Tax Obligations
SEC Form 4 Filing
LiveRamp Holdings CEO Scott E. Howe exercised stock options and sold a portion of the acquired shares to cover exercise costs and tax obligations.
Summary
- On May 9, 2024, LiveRamp Holdings CEO Scott E. Howe exercised non-qualified stock options to acquire 154,596 shares of common stock at a price of $21.17 per share.
- Simultaneously, Howe disposed of 125,397 shares to satisfy exercise costs and tax obligations at a price of $32.7 per share.
- Following these transactions, Howe directly owns 914,656 shares of LiveRamp common stock and indirectly owns 3,148.0113 shares through a managed account.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a standard executive stock option exercise and share sale for tax purposes.
Industry Context
This is a routine transaction for executives who are granted stock options as part of their compensation. The sale of shares to cover taxes is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine executive stock option exercise.
Key Dates
| Date | Description |
|---|---|
| May 20, 2015 | Start date for incremental vesting of non-qualified stock options over four years. |
| May 9, 2024 | CEO Scott E. Howe exercised stock options and disposed of shares to cover costs and taxes. |
| May 10, 2024 | Date of the report filing. |
| May 20, 2024 | Expiration date of the non-qualified stock options. |
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