Form 4: Prestige Consumer Healthcare CEO Lombardi Settles Performance Stock Units
SEC Form 4 Filing
Ronald M. Lombardi, CEO of Prestige Consumer Healthcare, settled performance stock units (PSUs) on May 6, 2024, acquiring 85,533 shares and disposing of 41,356 shares to cover tax obligations.
Summary
- On May 6, 2024, Ronald M. Lombardi, the CEO of Prestige Consumer Healthcare, settled performance stock units (PSUs).
- This resulted in the acquisition of 85,533 shares of common stock at a price of $0.00.
- Additionally, 41,356 shares were disposed of at a price of $70 to satisfy tax obligations.
- Following these transactions, Lombardi directly owns 306,654 shares of Prestige Consumer Healthcare.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects a standard transaction related to executive compensation and tax obligations. The vesting of PSUs suggests the achievement of performance goals, which is a positive sign, but the disposal of shares for tax purposes is a neutral event.
Positives
- The vesting of performance stock units indicates that the company achieved certain performance goals related to adjusted earnings per share growth.
Negatives
- The disposal of 41,356 shares to cover tax obligations may be perceived negatively by some investors, although it is a common practice.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in beneficial ownership.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| May 3, 2021 | Date the performance stock units (PSUs) were granted to the reporting person. |
| May 6, 2024 | Date of the transaction involving the settlement of performance stock units (PSUs). |
| May 8, 2017 | Date of power of attorney on file with the Commission. |
| May 8, 2024 | Date of signature for the Form 4 filing. |
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