Form 4: Neuronetics CEO Keith J. Sullivan Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Neuronetics CEO Keith J. Sullivan sold 24,162 shares of common stock on July 18, 2024, to satisfy tax withholding obligations related to vesting of restricted stock units.
Summary
- On July 18, 2024, Keith J. Sullivan, the President and CEO of Neuronetics, Inc., sold 24,162 shares of the company's common stock.
- The sale was executed to cover tax withholding obligations arising from the vesting of a portion of a restricted stock unit award.
- The shares were sold at a weighted average price of $1.90, with individual sales prices ranging from $1.88 to $1.99.
- Following the transaction, Sullivan directly owns 1,324,354 shares of Neuronetics common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) and doesn't inherently convey positive or negative sentiment.
Industry Context
Sales of stock to cover tax obligations are a routine part of executive compensation, and are not necessarily indicative of the executive's confidence in the company.
Stakeholder Impact
- The sale could have a minor, temporary impact on the stock price due to increased selling pressure.
Key Dates
| Date | Description |
|---|---|
| 07/18/2024 | Date of the stock sale transaction. |
| 07/22/2024 | Date of signature on the Form 4 filing. |
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