Form 4: MultiPlan Corp Executive Kim Michael Reports Tax-Related Stock Disposal
SEC Form 4 Filing
SVP and Chief Information Officer of MultiPlan Corp, Kim Michael, reports the disposal of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 29, 2024, Kim Michael, SVP and Chief Information Officer of MultiPlan Corp, reported a transaction involving Class A common stock.
- The transaction involved the disposal of 2,510 shares to cover tax obligations related to the vesting of restricted stock units.
- The price per share was $0.81.
- Following the transaction, Kim Michael directly owns 1,272,772 shares of Class A common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This specific filing relates to the disposal of shares to cover tax obligations, which is a common occurrence when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant 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 on the report. |
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