Form 4: Mercury Systems EVP, COO Wells Charles Roger IV Sells Shares to Cover Tax Obligations
SEC Form 4
Wells Charles Roger IV, EVP and COO of Mercury Systems Inc, sold 1,346 shares of common stock on August 19, 2024, to cover tax obligations related to vesting stock awards.
Summary
- On August 19, 2024, Wells Charles Roger IV, the EVP and COO of Mercury Systems Inc (MRCY), sold 1,346 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 designed to satisfy tax withholding obligations arising from the vesting of stock awards.
- Following the transaction, Wells directly owns 130,408 shares of Mercury Systems Inc.
- Wells also indirectly owns 1,533 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 are a common occurrence and are often related to personal financial planning or tax obligations. The sale itself doesn't necessarily indicate a negative outlook on the company's future.
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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