Form 4: Q2 Holdings General Counsel Michael Kerr Sells Shares to Cover Tax Obligations
SEC Form 4
Michael Kerr, General Counsel of Q2 Holdings, sold 246 shares of common stock on May 14, 2024, to cover tax withholding obligations related to the vesting of Restricted Stock Units.
Summary
- On May 14, 2024, Michael Kerr, the General Counsel of Q2 Holdings, sold 246 shares of the company's common stock.
- The sale was executed at a price of $61.79 per share.
- This transaction was mandated by the issuer to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units.
- Following the transaction, Kerr directly owns 69,147 shares of Q2 Holdings.
- The reporting person confirms that they will provide full information regarding the number of shares sold at each separate price within the range set forth in the footnote upon request.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't reflect a change in the executive's confidence in the company.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and do not necessarily indicate a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of stock sale transaction. |
| 05/15/2024 | Date of Form 4 filing. |
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