Form 4: Myriad Genetics Chief Legal Officer Pamela Wong Reports Share Disposal for Tax Obligations, Ends Section 16 Reporting

Pamela Wong, Chief Legal Officer of Myriad Genetics, disposed of shares to cover tax obligations related to vesting restricted stock units and is no longer subject to Section 16 reporting as of March 22, 2024.

Summary

• Pamela Wong, the Chief Legal Officer of Myriad Genetics, filed a Form 4 on March 25, 2024, reporting a transaction on March 22, 2024.
• The transaction involved the disposal of 1,441 shares of common stock at a price of $22.24 per share.
• These shares were withheld by Myriad Genetics to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Wong beneficially owns 65,002 shares of Myriad Genetics.
• As of March 22, 2024, Pamela Wong is no longer serving as the Chief Legal Officer and is therefore no longer subject to Section 16 reporting requirements.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's share disposal for tax purposes and a change in role, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.

Management Changes

Stakeholder Impact

• Shareholders may be interested in insider transactions as they can provide insights into management's perspective on the company's value.
• Employees may be affected by the change in management.

Key Dates