Form 4: LiveRamp CFO Lauren Dillard Sells Shares to Cover Tax Obligations
SEC Form 4
LiveRamp's CFO, Lauren Dillard, disposed of shares on August 22, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On August 22, 2024, Lauren R. Dillard, the Chief Financial Officer of LiveRamp Holdings, Inc., disposed of shares to cover tax obligations.
- The transactions involved the withholding of shares by the issuer to satisfy Dillard's tax obligations related to the vesting of restricted stock units.
- A total of 2,909 shares of common stock were disposed of at a price of $25.38 per share.
- Following these transactions, Dillard beneficially owns 247,349 shares of LiveRamp common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
Executive share transactions are a common occurrence in publicly traded companies. Often, these transactions are related to stock options or restricted stock units vesting, and executives may sell shares to cover the associated tax liabilities. These transactions are closely monitored by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of the transactions where shares were withheld to cover tax obligations. |
| 08/23/2024 | Date of signature on the Form 4 filing. |
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