Form 4: Lucid Group CEO Peter Rawlinson Reports Stock Transaction
SEC Form 4 Filing
Peter Rawlinson, CEO of Lucid Group, reports the disposition of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 5, 2024, Peter Rawlinson, CEO and Chief Technology Officer of Lucid Group, Inc., reported a transaction involving Class A Common Stock.
- 476,954 shares were disposed of at a price of $3.21 per share to satisfy tax withholding obligations.
- Following the transaction, Rawlinson directly owns 19,483,165 shares of Lucid Group's Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's stock activity related to tax obligations.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is related to tax obligations of the CEO.
Key Dates
| Date | Description |
|---|---|
| 07/27/2021 | Date of Form 4 filing related to restricted stock units vesting. |
| 03/05/2024 | Date of the reported stock transaction. |
| 03/07/2024 | Date of signature on the Form 4 filing. |
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