Form 4: Parsons Corp Executive Kolloway Reports Stock Transaction and Correction of Previous Filings
SEC Filing
Michael Kolloway, Chief Legal Officer and Secretary of Parsons Corporation, reports a stock transaction involving the disposal of shares to cover tax obligations and corrects previously understated holdings.
Summary
- On February 26, 2025, Michael Kolloway, Chief Legal Officer and Secretary of Parsons Corporation, disposed of 1,338 shares of Common Stock at a price of $59.08 per share to cover tax obligations.
- Following the transaction, Kolloway directly owns 72,459 shares of Common Stock.
- Kolloway also indirectly owns 5,793.1195 shares through an ESOP.
- The filing includes a correction to previous Forms 4, which erroneously understated the number of shares of Common Stock beneficially owned.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it primarily reports a routine stock transaction and a correction of previous filings. There's no indication of significant positive or negative implications for the company.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of stock transaction (disposal of shares). |
| 02/28/2025 | Date of signature on the Form 4 filing. |
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