Form 4: Oil-Dri Corp of America: Executive Daniel S. Jaffee Reports Changes in Beneficial Ownership
SEC Form 4
Daniel S. Jaffee, Chairman, President, and CEO of Oil-Dri Corp of America, reports changes in beneficial ownership of company stock due to tax liability coverage related to vesting of restricted stock.
Summary
- On October 19, 2024, Daniel S. Jaffee, Chairman, President, and CEO of Oil-Dri Corp of America, had shares withheld to cover tax liability from vesting restricted stock.
- 17,979 shares of Class B Stock were used for this purpose.
- Following the transaction, Jaffee directly owns 539,497 shares of Common Stock.
- The transaction was reported on October 21, 2024.
- The price per share was $68.43 based on the closing price on October 21, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing related to stock transactions.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, and is a normal part of corporate governance.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 10/19/2024 | Date of transaction (shares withheld for tax liability). |
| 10/21/2024 | Date of report filing; closing price of $68.43 used for valuation. |
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