Form 4: Owens & Minor CEO Pesicka Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Edward A. Pesicka, President & CEO of Owens & Minor, Inc., disposed of shares to cover tax obligations related to vesting restricted stock.
Summary
- On March 15, 2024, Edward A. Pesicka, the President & CEO of Owens & Minor, Inc., disposed of 58,126 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock.
- The shares were sold at a price of $24.99 per share.
- Following the transaction, Pesicka beneficially owns 799,670 shares of Owens & Minor common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider trading. The transaction itself is neutral, as it's related to tax obligations.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. This particular transaction appears to be related to tax obligations arising from the vesting of restricted stock, which is a common form of executive compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Pesicka disposed of shares to cover tax obligations. |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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