Form 4: Neogen CEO John Edward Adent Reports Stock Transactions
SEC Form 4 Filing
Neogen CEO John Edward Adent reports the vesting and settlement of restricted stock units, resulting in the acquisition and subsequent disposal of common stock to cover tax obligations.
Summary
- On April 25, 2024, Neogen CEO John Edward Adent reported transactions involving Neogen Corp [NEOG] common stock.
- 2,113 Restricted Stock Units (RSUs) vested and were settled for an equal number of shares of common stock at a price of $11.96.
- Simultaneously, 615 shares were disposed of to cover tax obligations related to the vesting of the RSUs, also at $11.96.
- Following these transactions, Adent directly owns 171,364 shares of Neogen common stock and 6,338 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of RSU vesting, stock acquisition, and stock disposal for tax obligations. |
| 04/26/2024 | Date of signature for the Form 4 filing. |
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