Form 4: Mercury Systems VP, CAO Douglas Munro Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Douglas Munro, VP, CAO of Mercury Systems Inc., sold 345 shares of common stock at $39.4851 per share to cover tax obligations related to vesting stock awards.
Summary
- On August 19, 2024, Douglas Munro, VP, CAO of Mercury Systems Inc., sold 345 shares of common stock.
- The sale was executed at a price of $39.4851 per share.
- The transaction was part of a sell-to-cover program to satisfy tax withholding obligations upon the vesting of stock awards.
- Following the transaction, Munro directly owns 15,361 shares of common stock and indirectly owns 531 shares through a 401K plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock sale to cover tax obligations. It doesn't indicate any positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.
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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