Form 4: Owens & Minor Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Heath H. Galloway, EVP, General Counsel & CorpSecy of Owens & Minor, Inc., sold 1,752 shares of common stock on May 15, 2024, to cover tax withholding obligations.
Summary
- On May 15, 2024, Heath H. Galloway, an executive at Owens & Minor, Inc., disposed of 1,752 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 $19.78 per share.
- Following the transaction, Galloway directly owns 58,929 shares of Owens & Minor stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations from vesting of restricted stock, a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the outstanding shares and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Heath H. Galloway disposed of 1,752 shares of common stock. |
| 05/16/2024 | Date of signature on the report. |
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