Form 4: Paycor HCM CEO Raul Villar Jr. Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Raul Villar Jr. disposed of 5,524 shares of Paycor HCM, Inc. to cover tax obligations arising from equity awards.
Summary
- On July 23, 2024, Raul Villar Jr., CEO of Paycor HCM, Inc., disposed of 5,524 shares of common stock to cover tax obligations.
- The shares were disposed of at a price of $12.96 per share.
- Following the transaction, Villar directly owns 512,680 shares of Paycor HCM, Inc.
- Villar also indirectly owns 25,000 shares through the Villar Joint Family Trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction appears to be a routine sale of shares to cover tax obligations, which is a common practice among executives.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor negative impact on shareholder sentiment, although it is likely to be perceived as a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 07/23/2024 | Date of transaction: Raul Villar Jr. disposed of shares. |
| 07/25/2024 | Date of signature on the Form 4 filing. |
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