Form 4: Parsons Corp CEO Carey A. Smith Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Carey A. Smith, President & CEO of Parsons Corporation, disposed of 3,530 shares of common stock on June 30, 2024, to satisfy tax withholding obligations.
Summary
- On June 30, 2024, Carey A. Smith, the President & CEO of Parsons Corporation, disposed of 3,530 shares of common stock.
- The transaction was executed to cover tax withholding obligations.
- The shares were disposed of at a price of $81.81 per share.
- Following the transaction, Smith directly owns 328,234 shares of Parsons Corporation common stock.
- Smith also indirectly owns 4,723.9866 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction to cover tax obligations, which is a common practice among executives who receive stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of stock disposal transaction |
| 07/02/2024 | Date of signature on the Form 4 filing |
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