NVEE.Nv5 Global, INC

Form 4: NV5 Global Executive VP Richard Tong Reports Stock Transaction

Sentiment:

SEC Form 4 Filing

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Richard Tong, Executive VP and General Counsel of NV5 Global, Inc., reports the withholding of shares to cover tax obligations related to vesting restricted stock.

Summary

  • Richard Tong, an Executive VP and General Counsel at NV5 Global, Inc., filed a Form 4 with the SEC.
  • The form reports a transaction on March 3, 2025, where 2,966 shares of common stock were withheld by the issuer to satisfy tax obligations related to the vesting of a Restricted Stock Award (RSA).
  • The shares were withheld at a price of $17.39 per share.
  • Following the transaction, Tong beneficially owns 42,618 shares of NV5 Global, Inc.
  • The filing also references a 4-for-1 stock split that was effective on a split-adjusted basis on October 11, 2014.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

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

Stakeholder Impact

  • The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, not a direct sale on the open market.

Key Dates

DateDescription
October 11, 2014Effective date of NV5 Global, Inc.'s 4-for-1 stock split.
March 3, 2022Date of the Restricted Stock (RSA) Award that vested on March 3, 2025.
March 3, 2025Date of the reported transaction where shares were withheld for tax obligations.
March 5, 2025Date of signature on the Form 4 filing.

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