Form 4: Local Bounti Corporation: General Counsel Margaret McCandless Reports Stock Transaction
SEC Form 4 Filing
Margaret McCandless, General Counsel & Secretary of Local Bounti Corporation, reports the withholding of shares to cover tax liabilities on restricted stock units.
Summary
- On February 1, 2025, Margaret McCandless, General Counsel & Secretary of Local Bounti Corporation, reported a transaction involving common stock.
- The transaction involved the withholding of 2,875 shares by the company to cover withholding tax liabilities incurred upon the settlement of previously awarded restricted stock units.
- Following the transaction, McCandless directly owns 45,567 shares of Local Bounti Corporation.
- The price per share for the transaction was $2.2.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions, which has a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates activity related to compensation and tax obligations.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is related to tax obligations on executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of stock transaction (withholding of shares for tax liability). |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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