Form 4: Parsons Corp Executive Kolloway Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Michael Kolloway, Chief Legal Officer and Secretary of Parsons Corporation, disposed of 710 shares of common stock on March 9, 2025, to cover tax obligations.
Summary
- On March 9, 2025, Michael R. Kolloway, Chief Legal Officer and Secretary of Parsons Corporation, reported a transaction involving the disposal of 710 shares of common stock.
- The shares were disposed of at a price of $60.17 per share.
- This transaction was to cover tax obligations.
- Following the transaction, Kolloway directly owns 87,920 shares of Parsons Corporation common stock and indirectly owns 6,092.3066 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders trade their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being disposed of by an executive.
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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