Form 4: Local Bounti Corporation: General Counsel Margaret McCandless Reports Tax Withholding Transaction
SEC Form 4 Filing
Margaret McCandless, General Counsel & Secretary of Local Bounti Corporation, reports the withholding of shares to cover tax liabilities upon settlement of restricted stock units.
Summary
- On March 1, 2025, Margaret McCandless, General Counsel & Secretary of Local Bounti Corporation, had 796 shares of common stock withheld by the company to cover tax liabilities.
- The shares were withheld at a price of $2.29 per share.
- Following the transaction, McCandless directly owns 44,771 shares of Local Bounti Corporation.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding tax withholding, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to internal tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of transaction: Shares withheld for tax liability. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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