Form 4: PLBY Group's General Counsel Sells Shares to Cover Tax Obligations
SEC Form 4
Christopher Riley, General Counsel & Secretary of PLBY Group, Inc., sold shares of common stock to cover tax withholding obligations related to the settlement of restricted stock units.
Summary
- Christopher Riley, the General Counsel & Secretary of PLBY Group, Inc. (PLBY), reported changes in beneficial ownership of the company's stock.
- On May 24, 2024, Riley sold 7,603 shares of common stock at a weighted average price of $0.8855.
- On May 28, 2024, Riley sold 9,159 shares of common stock at a weighted average price of $0.8655.
- These sales were made to cover tax withholding obligations related to the settlement of restricted stock units previously granted to Riley.
- Following these transactions, Riley directly owns 468,755 shares of PLBY Group, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. The stock sales are related to tax obligations and do not necessarily reflect a change in the executive's confidence in the company.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Sale of 7,603 shares of common stock at a weighted average price of $0.8855. |
| 05/28/2024 | Sale of 9,159 shares of common stock at a weighted average price of $0.8655. |
| 05/29/2024 | Date of signature for the Form 4 filing. |
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