Form 4: LiveRamp CEO Scott Howe Sells Shares to Cover Tax Obligations

LiveRamp CEO Scott Howe sold shares to cover tax obligations arising from the vesting of restricted stock units.

Summary

• LiveRamp CEO Scott Howe sold a total of 10,315 shares of common stock on November 22, 2024, to cover tax obligations.
• The shares were sold at a price of $30.71 each.
• The sales were a result of the vesting of restricted stock units.
• After the transactions, Mr. Howe directly owns 968,222 shares and indirectly owns 3,148.0113 shares through a managed account.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction for tax purposes, which is neither particularly positive nor negative for the company's outlook. It is a neutral event.

Risks

• Sales of shares by company executives can sometimes be perceived negatively by the market, although this sale was for tax purposes.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, and is common among publicly traded companies.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Many companies use restricted stock units as part of their executive compensation packages, which often trigger tax liabilities upon vesting.
• Similar transactions can be seen at companies like Adobe, Salesforce, and Oracle, where executives periodically sell shares for tax purposes.

Stakeholder Impact

• The stock sale has a minor impact on shareholders as it is a routine transaction for tax purposes.

Key Dates

Keywords

LiveRamp, Scott Howe, stock sale, insider trading, tax obligations, restricted stock units, executive compensation