Form 4: Mercury Systems CEO William Ballhaus Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
William Ballhaus, CEO of Mercury Systems, sold 6,549 shares of common stock on August 19, 2024, to cover tax obligations related to vesting stock awards.
Summary
- William L Ballhaus, the Chairman, President, and CEO of Mercury Systems Inc (MRCY), reported a transaction on August 19, 2024.
- Ballhaus sold 6,549 shares of common stock at a price of $39.4851 per share.
- The sale was executed as part of a 'sell-to-cover' program to satisfy tax withholding obligations upon the vesting of stock awards.
- Following the transaction, Ballhaus directly owns 353,481.325 shares of Mercury Systems Inc.
- Ballhaus also indirectly owns 976 shares through a 401K Plan and 7,066.173 shares By Milestone Road Holdings, LLC.
Sentiment
Score: 5
Explanation: The document describes a routine stock sale to cover tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when stock options or restricted stock units vest.
Stakeholder Impact
- The stock sale could have a minor, temporary impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of the stock sale transaction. |
| 08/21/2024 | Date of signature on the Form 4 filing. |
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