Form 4: Owens & Minor Executive Andrew G. Long Reports Share Disposal for Tax Obligations

Andrew G. Long, EVP, CEO P&HS of Owens & Minor, Inc., disposed of 27,372 shares to cover tax obligations related to vesting restricted stock on May 15, 2024.

Summary

• On May 15, 2024, Andrew G. Long, an executive at Owens & Minor, Inc., disposed of 27,372 shares of common stock.
• The disposal was executed to satisfy tax withholding obligations associated with the vesting of restricted stock.
• The shares were disposed of at a price of $19.78 per share.
• Following the transaction, Long directly owns 222,408 shares of Owens & Minor stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's overall outlook.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax planning. These transactions are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Comparison to Industry Standards

• Executive compensation practices, including stock grants and vesting schedules, are generally benchmarked against peer companies within the healthcare distribution industry.
• Companies like Cardinal Health and McKesson also utilize stock-based compensation as part of their executive pay packages.
• The amount of shares disposed of for tax obligations is typical for executives with significant stock-based compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a standard executive stock disposal for tax purposes.
• The transaction does not directly affect employees, customers, suppliers, or creditors.

Key Dates