Form 4: Magnite Executive Sean Patrick Buckley Reports Share Forfeiture for Tax Obligations
SEC Form 4 Filing
Sean Patrick Buckley, Chief Revenue Officer of Magnite, Inc., reported the forfeiture of 9,646 shares of common stock to cover tax withholding obligations on August 15, 2024.
Summary
- On August 15, 2024, Sean Patrick Buckley, the Chief Revenue Officer of Magnite, Inc., reported a transaction involving the forfeiture of company shares.
- The transaction involved 9,646 shares of common stock.
- These shares were forfeited to cover tax withholding obligations associated with the vesting of restricted stock units.
- The price per share for the transaction was $12.51.
- Following the transaction, Buckley directly owns 334,365 shares of Magnite, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 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 shareholders, as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of share forfeiture transaction |
| 08/16/2024 | Date of signature on the Form 4 filing |
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