Form 4: Neogen Corp CFO David H. Naemura Reports Stock Transactions

David H. Naemura, CFO of Neogen Corp, reports the vesting and settlement of restricted stock units (RSUs) and subsequent disposition of shares to cover tax obligations.

Summary

• On October 28, 2024, David H. Naemura, the Chief Financial Officer of Neogen Corp, had 15,504 Restricted Stock Units (RSUs) vest and settle into an equal number of common stock shares.
• Following the vesting, Naemura disposed of 6,450 shares of common stock to satisfy tax obligations related to the vesting of the RSUs.
• The transactions occurred at a price of $13.81 per share.
• After these transactions, Naemura directly owns 39,094 shares of Neogen Corp common stock and 31,008 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.

Key Dates