Form 4: Pro-Dex Inc. Director Domingo Reports Share Acquisition and Tax Withholding
SEC Form 4 Filing
Director Angelita Rebamontan Domingo reports acquisition of shares through a performance award and subsequent disposal to cover tax obligations.
Summary
- On July 1, 2024, Angelita Rebamontan Domingo, a director of Pro-Dex Inc. (PDEX), acquired 6,800 shares of common stock through a performance award.
- Simultaneously, 2,594 shares were disposed of at a price of $18.35 to satisfy tax withholding obligations.
- Following these transactions, Domingo's direct ownership of Pro-Dex Inc. common stock is 12,397 shares.
Sentiment
Score: 6
Explanation: Neutral sentiment as the document primarily reports routine transactions related to director compensation and tax obligations.
Positives
- The acquisition of shares via a performance award suggests the director is meeting performance goals set by the company.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard compensation practices for company directors.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of share acquisition and disposal for tax withholding. |
| 07/03/2024 | Date of signature for the Form 4 filing. |
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