Form 4: Local Bounti CEO Kathleen Valiasek Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Kathleen Valiasek, President, CEO, and CFO of Local Bounti Corporation, disposed of shares to cover withholding tax liabilities upon settlement of restricted stock units.
Summary
- On May 1, 2025, Kathleen Valiasek, the President, CEO, and CFO of Local Bounti Corporation, disposed of 3,365 shares of common stock.
- The shares were withheld by the company to cover the withholding tax liability incurred upon the settlement of previously awarded restricted stock units.
- The transaction price was $2.39 per share.
- Following the transaction, Valiasek directly owns 416,901 shares of Local Bounti Corporation.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It doesn't indicate any significant positive or negative developments for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of the transaction where shares were disposed of to cover tax liabilities. |
| 05/02/2025 | Date of signature for the Form 4 filing. |
Keywords
Local Bounti Corporation, Kathleen Valiasek, Form 4, Share Disposal, Restricted Stock Units, Tax Withholding, LOCL
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