PSTG.Pure Storage, INC

Form 4: Pure Storage Executive John Colgrove Reports Share Withholding for Tax Obligations

Sentiment:

SEC Form 4 Filing

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John Colgrove, Chief Visionary Officer of Pure Storage, reports the withholding of shares to cover income tax obligations related to equity awards.

Summary

  • On March 20, 2024, John Colgrove, Chief Visionary Officer of Pure Storage, had 34,682 Class A Common Stock shares withheld by the issuer to cover income tax obligations.
  • This withholding was related to the vesting and net settlement of his equity awards.
  • Following this transaction, Colgrove directly owns 8,339,693 shares of Class A Common Stock.
  • He also indirectly owns shares through several trusts: Colgrove Family Living Trust (701,959 shares), Eric Edward Colgrove Irrevocable Trust (2,765,000 shares), and Richard Winston Colgrove Irrevocable Trust (2,765,000 shares).

Sentiment

Score: 7

Explanation: The document is a standard SEC filing related to executive compensation. It doesn't contain any particularly positive or negative information, but reflects normal business operations.

Industry Context

This is a routine filing related to executive compensation and tax obligations. It's common for company executives to have shares withheld to cover taxes upon the vesting of equity awards.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a routine withholding of shares for tax purposes.

Key Dates

DateDescription
02/08/2011Date of Eric Edward Colgrove Irrevocable Trust and Richard Winston Colgrove Irrevocable Trust.
03/20/2024Date of share withholding transaction.
03/22/2024Date of signature by attorney-in-fact.

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