Form 4: Local Bounti CFO Kathleen Valiasek Reports Stock Transaction

Kathleen Valiasek, President and CFO of Local Bounti Corporation, reports the withholding of shares to cover tax liabilities upon settlement of restricted stock units.

Summary

• On February 1, 2025, Kathleen Valiasek, President and CFO of Local Bounti Corporation, had 10,552 shares of common stock withheld by the company.
• This was done to cover the withholding tax liability incurred upon the settlement of previously awarded restricted stock units.
• Following this transaction, Valiasek directly owns 424,029 shares of Local Bounti Corporation common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, indicating standard operational procedures. There is nothing inherently positive or negative about the transaction itself.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of tax withholding related to equity compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for tax withholding on executive compensation.

Key Dates

Keywords

Form 4, Local Bounti Corporation, Kathleen Valiasek, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Withholding, LOCL