Form 4: Magnite's Chief Legal Officer, Aaron Saltz, Reports Share Forfeiture for Tax Obligations
SEC Form 4 Filing
Aaron Saltz, Chief Legal Officer of Magnite, Inc., reports the forfeiture of 3,553 shares of common stock to cover tax withholding obligations.
Summary
- On May 15, 2024, Aaron Saltz, the Chief Legal Officer of Magnite, Inc., forfeited 3,553 shares of common stock.
- The forfeiture was non-discretionary and mandated by Magnite to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Saltz directly owns 321,788 shares of Magnite common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive compensation and does not 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 forfeiture of shares has a minimal impact on shareholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of share forfeiture transaction |
| 05/17/2024 | Date of signature on the Form 4 filing |
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