Form 4: Pathward Financial Executive Ingram Sells Shares to Cover Tax Obligations
SEC Filing
Charles C. Ingram, EVP and Chief Information Officer of Pathward Financial, sold 287 shares of common stock on September 30, 2024, to cover tax withholding obligations related to vesting restricted stock.
Summary
- On September 30, 2024, Charles C. Ingram, the EVP and Chief Information Officer of Pathward Financial, sold 287 shares of the company's common stock.
- The sale was executed to satisfy tax withholding obligations associated with the vesting of restricted stock.
- The price per share was $66.01.
- Following the transaction, Ingram directly owns 22,798 shares of Pathward Financial common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction to cover tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock awards.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small transaction by an individual executive.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Ingram sold shares to cover tax obligations. |
| 10/01/2024 | Date of signature on the Form 4 filing. |
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