Form 4: Local Bounti CFO Kathleen Valiasek Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Kathleen Valiasek, CFO of Local Bounti Corporation, reports the withholding of shares to cover tax obligations upon the settlement of restricted stock units.
Summary
- On April 1, 2024, Kathleen Valiasek, the Chief Financial Officer of Local Bounti Corporation, had 3,716 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 255,016 shares of Local Bounti Corporation.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the stock transaction (share withholding for tax liability). |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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