Form 4: PagerDuty Chief Legal Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Shelley Webb, Chief Legal Officer of PagerDuty, sold shares to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On July 2, 2024, Shelley Webb, the Chief Legal Officer of PagerDuty, sold 12,050 shares of common stock to satisfy a tax obligation.
- The sale price was $22.14 per share.
- Following the transaction, Webb directly owns 241,389 shares, a portion of which are restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a stock sale for tax purposes, which is neutral in sentiment.
Industry Context
Form 4 filings are routine and provide transparency into the trading activities of company insiders. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The sale of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | Date of transaction: Shelley Webb sold shares of PagerDuty common stock. |
| 07/05/2024 | Date of signature on the Form 4 filing. |
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