Form 4: Manhattan Associates SVP, CLO & Secretary Reports Stock Disposal
SEC Form 4 Filing
Bruce Richards, SVP, CLO & Secretary of Manhattan Associates, reports disposing of 228 shares of common stock to cover tax obligations.
Summary
- Bruce Richards, a Senior Vice President, Chief Legal Officer, and Secretary at Manhattan Associates Inc., filed a Form 4 with the SEC on March 4, 2025.
- The report details a transaction on February 28, 2025, where 228 shares of common stock were disposed of at a price of $176.88.
- This disposal was likely to cover tax obligations related to vesting of stock awards.
- Following the transaction, Richards directly owns 24,628 shares of Manhattan Associates Inc.
- The filing was signed by David M. Eaton, Attorney-in-Fact.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing reporting a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being disposed of by an insider.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock disposal transaction. |
| 03/04/2025 | Date of Form 4 filing. |
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