Form 4: Mercury Systems EVP, CHRO Steven Ratner Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Steven Ratner, EVP and CHRO of Mercury Systems Inc., sold 974 shares of common stock on August 19, 2024, to cover tax withholding obligations upon the vesting of stock awards.
Summary
- On August 19, 2024, Steven Ratner, the EVP and CHRO of Mercury Systems Inc. (MRCY), sold 974 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 related to the vesting of stock awards.
- Following the transaction, Ratner directly owns 63,970 shares of Mercury Systems Inc. common stock.
- Ratner also indirectly owns 620 shares through a 401K plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.
Industry Context
Executive stock sales for tax purposes are a common practice and do not necessarily indicate a negative outlook on the company's future.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
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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