Form 4: Mercury Systems CFO David Farnsworth Sells Shares to Cover Tax Obligations

EVP and CFO of Mercury Systems, David Farnsworth, sold 6,716 shares of common stock on August 19, 2024, to cover tax obligations related to vesting stock awards.

Summary

• On August 19, 2024, David E. Farnsworth, the EVP and CFO of Mercury Systems Inc., sold 6,716 shares of the company's common stock.
• The sale was executed at a price of $39.4851 per share.
• This transaction was part of a 'sell-to-cover' program to satisfy tax withholding obligations upon the vesting of stock awards.
• Following the transaction, Farnsworth directly owns 140,778 shares of Mercury Systems common stock and indirectly owns 1,139 shares through a 401K plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports a routine stock sale to cover tax obligations, which is a common practice and doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Key Dates