Form 4: PriceSmart EVP & CFO Michael McCleary Reports Stock Transaction
SEC Form 4 Filing
Michael McCleary, EVP & CFO of PriceSmart, reports the withholding of restricted stock to cover tax obligations.
Summary
- On August 29, 2024, Michael McCleary, the EVP & CFO of PriceSmart Inc., reported a transaction involving the company's common stock.
- The transaction involved the withholding of 2,243 shares of common stock at a price of $88.96 per share.
- This withholding was to satisfy McCleary's tax obligations upon the vesting of restricted stock.
- Following the transaction, McCleary beneficially owns 65,231 shares of PriceSmart common stock directly.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations on vested stock, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard tax withholding procedure related to vested stock.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of stock transaction (withholding of shares for tax obligations). |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.