Form 4: NewMarket Corp CFO William J. Skrobacz Reports Share Transactions
SEC Form 4 Filing
William J. Skrobacz, CFO of NewMarket Corp, reports the withholding of shares for tax obligations and changes in holdings within the NewMarket Savings Plan.
Summary
- On February 27, 2024, William J. Skrobacz, the Vice President & CFO of NewMarket Corporation, reported transactions involving the company's common stock.
- Shares were withheld by the company to satisfy tax obligations related to the vesting of restricted stock granted on February 26, 2019.
- The report also reflects changes in shares held indirectly through the NewMarket Savings Plan due to periodic purchases by the Plan Trustee.
- The reporting person has a power of attorney agreement with Anne-Marie M. Anderson and Bryce D. Jewett, III, allowing them to execute and file forms on his behalf.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects transparency.
Positives
- The reporting of transactions ensures transparency in insider trading activities.
Industry Context
Form 4 filings are a standard part of regulatory compliance for corporate insiders, providing transparency to the market regarding their transactions in the company's stock.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency and trust.
Key Dates
| Date | Description |
|---|---|
| February 26, 2019 | Date of restricted stock grant to the reporting person. |
| June 28, 2023 | Date of Power of Attorney execution. |
| March 14, 2023 | Prior withholding of 8 shares for taxes upon the vesting of shares of restricted stock. |
| February 27, 2024 | Date of reported transactions (share withholding). |
| February 29, 2024 | Date of Form 4 signature. |
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