Form 4: NV5 Global Executive Chairman Dickerson Wright Reports Changes in Beneficial Ownership

Dickerson Wright, Executive Chairman of NV5 Global, reports a transaction involving the withholding of shares to cover tax obligations and adjustments due to a stock split.

Summary

• Dickerson Wright, the Executive Chairman of NV5 Global, filed a Form 4 detailing changes in beneficial ownership.
• On March 3, 2025, shares were withheld to satisfy tax obligations related to the vesting of a Restricted Stock Award (RSA) from March 3, 2022.
• This withholding of 9 shares at a price of $17.39 per share does not constitute a sale.
• The filing also reflects adjustments due to a 4-for-1 stock split effective October 11, 2024.
• Wright's beneficial ownership includes shares held directly and indirectly through various trusts.
• He disclaims beneficial ownership of shares held in trusts except to the extent of his pecuniary interest.
• Shares were previously transferred between trusts for generation skipping tax planning purposes on August 7, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports transactions related to tax obligations and stock splits, which are common corporate events.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership.
• The stock split affects the number of shares held by all shareholders.

Key Dates