Form 4: Optical Cable Corp CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Tracy G. Smith, SVP and CFO of Optical Cable Corp, disposed of 2,624 shares of common stock to cover tax obligations related to previously granted restricted shares.
Summary
- On January 31, 2025, Tracy G. Smith, the SVP and CFO of Optical Cable Corp, disposed of 2,624 shares of common stock.
- The transaction was executed to cover the payment of taxes due on previously granted restricted shares, as allowed by the company's 2017 Stock Incentive Plan.
- Following the transaction, Smith directly owns 350,652 shares of Optical Cable Corp.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Tracy G. Smith disposed of 2,624 shares of common stock. |
| 02/03/2025 | Date of signature on the Form 4 filing. |
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