Form 4: MultiPlan Corp Executive Chair Dale A. White Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Dale A. White, Executive Chair of MultiPlan Corp, reports the disposal of 20,120 shares of Class A common stock to cover tax obligations related to vesting restricted stock units on March 29, 2024.
Summary
- On March 29, 2024, Dale A. White, the Executive Chair of MultiPlan Corp, disposed of 20,120 shares of Class A common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock units.
- The price per share was $0.81.
- Following the transaction, White directly owns 15,645,909 shares of Class A common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations through stock disposal.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of transaction: Disposal of shares to cover tax obligations. |
| 04/01/2024 | Date of signature for the report. |
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