Form 4: PriceSmart Executive John Hildebrandt Reports Stock Transaction
SEC Form 4 Filing
President and COO of PriceSmart, John Hildebrandt, reports disposition of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On October 26, 2024, John D. Hildebrandt, President and COO of PriceSmart Inc., reported a transaction involving the company's common stock.
- Hildebrandt disposed of 8,590 shares of common stock at a price of $91.7 per share to cover tax withholding obligations upon the vesting of restricted stock.
- Following the transaction, Hildebrandt directly owns 139,917 shares of PriceSmart common stock.
- Hildebrandt also indirectly owns 1,685 shares through his spouse.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations upon vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/26/2024 | Date of stock transaction (disposal of shares for tax withholding). |
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