Form 4: NewMarket Corp Executive Paliotti Reports Stock Transactions

Brian D. Paliotti, President of Afton Chemical Corp, reports acquisition and disposal of NewMarket Corp stock due to performance-based restricted stock vesting and tax obligations.

Summary

• On February 27, 2025, Brian D. Paliotti acquired 500 shares of NewMarket Corp common stock related to the vesting of performance-based restricted stock awards.
• The shares were acquired at a price of $0.
• On the same day, 151 shares were withheld by the company to cover tax obligations related to the vested performance stock at a price of $563.12.
• Following these transactions, Paliotti directly owns 2,875 shares of common stock.
• Paliotti also indirectly owns 600.83 shares through the NewMarket Savings Plan, with the increase due to periodic purchases by the Plan Trustee.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine stock transactions related to executive compensation and tax obligations.

Positives

• The vesting of performance-based restricted stock indicates that performance goals were met.

Negatives

• The withholding of shares to cover tax obligations reduces the net gain from the vesting of the performance stock.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in executive stock ownership.

Key Dates