Form 4: Paragon 28, Inc. Executive Reports Tax Liability Payment via Stock Withholding
SEC Form 4 Filing
Robert S. McCormack, General Counsel and Corporate Secretary of Paragon 28, Inc., reports the payment of tax liability by withholding 6,012 shares of common stock incident to the vesting of restricted stock units on August 14, 2024.
Summary
- On August 14, 2024, Robert S. McCormack, General Counsel and Corporate Secretary of Paragon 28, Inc., had 6,012 shares of common stock withheld to cover tax liabilities related to the vesting of restricted stock units (RSUs).
- The transaction was executed at a price of $7.01 per share.
- Following the transaction, McCormack directly owns 120,432 shares, which includes 112,703 RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company executives and their confidence in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to vested stock.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Date of transaction: Payment of tax liability by withholding securities incident to vesting of restricted stock units. |
| 08/16/2024 | Date of report filing. |
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