Form 4: Planet Labs CFO Ashley F. Johnson Reports Stock Transaction
SEC Form 4 Filing
Ashley F. Johnson, CFO & COO of Planet Labs PBC, reports the withholding of shares to cover tax liabilities upon vesting of restricted stock units.
Summary
- On June 15, 2024, Ashley F. Johnson, CFO & COO of Planet Labs PBC, reported a transaction involving Class A Common Stock.
- The transaction involved the withholding of 65,194 shares by the issuer to cover the withholding tax liability incurred upon the vesting of restricted stock units (RSUs).
- The price per share was $1.85.
- Following the transaction, Johnson beneficially owns 1,891,818 shares, which includes 1,607,749 RSUs vesting quarterly.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions for tax purposes, and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of stock transaction (withholding of shares for tax liability). |
| 06/17/2024 | Date of signature for the Form 4 filing. |
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