Form 4: Pacific Biosciences Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michele Farmer, Chief Accounting Officer of Pacific Biosciences, sold 5,275 shares of common stock on May 20, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 20, 2024, Michele Farmer, the Chief Accounting Officer of Pacific Biosciences, sold 5,275 shares of the company's common stock.
- The sale was executed at a price of $2.03 per share.
- This transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Farmer directly owns 211,941 shares of Pacific Biosciences common stock.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (sale of shares for tax obligations) by a company officer. It doesn't inherently indicate positive or negative sentiment, but it's a neutral event.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of the stock sale transaction. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
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