Form 4: NewMarket Corp Controller Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Gail Ridgeway, Controller at NewMarket Corp, reports a transaction involving common stock, including shares withheld for tax obligations and periodic purchases by the NewMarket Savings Plan.
Summary
- Gail Ridgeway, Controller of NewMarket Corporation, filed a Form 4 detailing changes in beneficial ownership of the company's common stock.
- On February 27, 2024, 14 shares were disposed of to satisfy tax withholding obligations at a price of $636.31 per share.
- Following the transaction, Ridgeway directly owns 228 shares of common stock.
- Ridgeway also indirectly owns 329.72 shares through the NewMarket Savings Plan, with the increase due to periodic purchases by the Plan Trustee.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing, indicating neutral sentiment. It reflects standard transactions related to tax obligations and savings plan activity.
Positives
- The reporting person's holdings in the company increased due to periodic purchases by the Plan Trustee.
Negatives
- Shares were withheld to cover tax obligations, reducing the direct holdings of the reporting person.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| January 12, 2023 | Date of Power of Attorney execution. |
| March 14, 2023 | Prior withholding of 9 shares for taxes upon the vesting of shares of restricted stock. |
| February 26, 2019 | Effective date of restricted stock grant to the reporting person. |
| February 27, 2024 | Date of transaction: shares withheld for tax obligations. |
| February 29, 2024 | Date of Form 4 filing. |
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