Form 4: Neogen CEO John Edward Adent Executes Stock Transactions
SEC Form 4 Filing
Neogen CEO John Edward Adent reports the vesting and settlement of restricted stock units (RSUs) and subsequent disposition of shares to cover tax obligations.
Summary
- On October 7, 2024, Neogen CEO John Edward Adent executed transactions involving Neogen Corp [NEOG] common stock.
- 32,937 Restricted Stock Units (RSUs) vested and were settled for an equal number of shares of common stock at a price of $15.07.
- Adent then disposed of 9,586 shares to cover tax obligations related to the vesting of the RSUs, also at $15.07.
- Following these transactions, Adent directly owns 201,977 shares of Neogen Corp.
- He also owns 32,936 derivative securities.
Sentiment
Score: 5
Explanation: The document reflects standard executive compensation practices and stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the CEO's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock ownership adjustments.
Key Dates
| Date | Description |
|---|---|
| 10/07/2024 | Date of stock transactions: vesting of RSUs and disposition of shares for tax obligations. |
| 10/09/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.