Form 4: NV5 Global Exec VP Richard Tong Reports Sale of Shares to Cover Taxes
SEC Form 4
Richard Tong, Executive VP and General Counsel of NV5 Global, Inc., reported selling 3,119 shares of common stock on June 12, 2024, to cover taxes associated with the vesting of restricted shares.
Summary
- On June 12, 2024, Richard Tong, the Executive VP and General Counsel of NV5 Global, Inc. (NVEE), sold 3,119 shares of the company's common stock.
- The sale was executed to cover taxes associated with the vesting of restricted shares.
- The shares were sold at a weighted average price of $94, with individual transactions ranging from $94.00 to $94.09.
- Following the transaction, Tong directly owns 16,288 shares of NV5 Global, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. The sale of shares to cover taxes is a common practice and doesn't necessarily indicate a negative outlook on the company.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading activity by company insiders. This sale appears to be related to tax obligations from vesting shares, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of the transaction: Richard Tong sold 3,119 shares of NV5 Global, Inc. |
| 06/13/2024 | Date of signature on the Form 4 filing. |
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