Form 4: Owens & Minor EVP, CEO, Patient Direct, Perry A. Bernocchi, Sells Shares to Cover Tax Obligations
SEC Filing
Perry A. Bernocchi, EVP, CEO, Patient Direct at Owens & Minor, sold 20,962 shares of common stock on May 15, 2024, to cover tax withholding obligations related to vesting restricted stock.
Summary
- On May 15, 2024, Perry A. Bernocchi, EVP, CEO, Patient Direct at Owens & Minor, Inc., disposed of 20,962 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock.
- The shares were sold at a price of $19.78 per share.
- Following the transaction, Bernocchi directly owns 149,535 shares of Owens & Minor common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of the company's overall performance or future prospects.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Perry A. Bernocchi sold shares to cover tax obligations. |
| 05/16/2024 | Date of signature by Rosemarie France POA. |
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