Form 4: Nike Executive Heidi O'Neill Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Heidi O'Neill, a Nike executive, reported disposing of shares to cover tax withholding obligations related to vesting Restricted Stock Units (RSUs).
Summary
- On August 1, 2024, Heidi O'Neill, a Nike executive, disposed of 5,287 shares of Class B Common Stock to satisfy tax withholding obligations.
- The shares were disposed of at a price of $73.85 per share.
- Following the transaction, O'Neill beneficially owns 79,448.0821 shares of Nike Class B Common Stock, which includes shares acquired through Nike's Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate a change in the executive's long-term outlook on the company.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like Heidi O'Neill, transact in their company's stock. These filings provide transparency into the trading activities of individuals with access to non-public information.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of stock disposal for tax withholding. |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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