Form 4: Manhattan Associates SVP, CLO & Secretary Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Bruce Richards, SVP, CLO & Secretary of Manhattan Associates, disposed of 463 shares of common stock on February 29, 2024, to cover tax obligations.
Summary
- On February 29, 2024, Bruce Richards, the SVP, CLO & Secretary of Manhattan Associates, disposed of 463 shares of common stock.
- The transaction was executed at a price of $253.33 per share.
- Following the transaction, Richards directly owns 34,236 shares of Manhattan Associates stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a standard transaction related to tax obligations and doesn't indicate a significant change in the insider's confidence in the company.
Industry Context
This is a routine Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into insider transactions.
Stakeholder Impact
- The disposal of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to be significant given the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of transaction: Disposal of 463 shares of common stock. |
| 03/04/2024 | Date of signature on the report. |
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