Form 4: Parsons Corp CEO Carey A. Smith Reports Stock Disposal
SEC Form 4 Filing
Carey A. Smith, President & CEO of Parsons Corporation, reports the disposal of 5,243 shares of common stock to cover tax obligations.
Summary
- On March 9, 2025, Carey A. Smith, the President & CEO of Parsons Corporation, disposed of 5,243 shares of common stock.
- The transaction was executed at a price of $60.17 per share.
- This disposal was likely to cover tax obligations related to equity compensation.
- Following the transaction, Smith directly owns 400,544 shares of Parsons Corporation common stock.
- Smith also indirectly owns 5,023.1737 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Form 4) detailing a stock disposal by the CEO, likely for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The disposal of shares by the CEO could be perceived negatively by some shareholders, although it is likely a routine transaction for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/09/2025 | Date of stock disposal transaction |
| 03/11/2025 | Date of signature on the Form 4 filing |
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