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 August 29, 2024, John D. Hildebrandt, President and COO of PriceSmart Inc., reported a transaction involving the disposition of 2,226 shares of common stock to cover tax obligations.
- The shares were sold at a price of $88.96 per share.
- Following the transaction, Hildebrandt directly owns 136,544 shares and indirectly owns 1,685 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine stock transaction for tax purposes, indicating a neutral 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 tax obligation fulfillment related to stock vesting.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as it is a routine sale of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of stock transaction and filing date of the Form 4. |
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