Form 4: Prestige Consumer Healthcare CFO Christine Sacco Reports Stock Transactions
SEC Form 4 Filing
Christine Sacco, CFO of Prestige Consumer Healthcare, reports acquisition and disposal of company stock related to performance stock units.
Summary
- Christine Sacco, the Chief Financial Officer of Prestige Consumer Healthcare Inc., filed a Form 4 with the SEC.
- The report details changes in her beneficial ownership of the company's common stock.
- On May 6, 2024, she acquired 10,943 shares of common stock at $0 related to the vesting of performance stock units (PSUs) granted on May 3, 2021.
- Also on May 6, 2024, she disposed of 5,363 shares at $70 to cover tax obligations.
- Following these transactions, Sacco directly owns 24,061 shares of Prestige Consumer Healthcare Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation. The vesting of PSUs is a positive sign, but the sale of shares to cover taxes is a neutral event.
Positives
- The vesting of performance stock units indicates that the company met certain adjusted earnings per share growth goals.
Negatives
- The disposal of shares to cover tax obligations reduces Sacco's overall holdings in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates transactions related to previously granted compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider trading activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| May 3, 2021 | Date performance stock units (PSUs) were granted to Christine Sacco |
| May 6, 2024 | Date of stock acquisition and disposal transactions related to PSU vesting |
| May 8, 2017 | Date of power of attorney on file with the Commission |
| May 8, 2024 | Date of signature on the Form 4 filing |
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