Form 4: Quanterix Corp CEO Toloue Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Masoud Toloue, President and CEO of Quanterix Corp, disposed of 724 shares of common stock on February 29, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On February 29, 2024, Masoud Toloue, the President and CEO of Quanterix Corp, disposed of 724 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of 2,169 Restricted Stock Units (RSUs).
- The shares were sold at a price of $23.96 per share.
- Following the transaction, Toloue directly owns 344,678 shares of Quanterix Corp, which includes 174,201 restricted stock units.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't indicate any particular positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages and tax planning. The sale of shares to cover tax obligations is a routine practice.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 8 2021 | Date of Power of Attorney execution. |
| 02/29/2024 | Date of stock transaction. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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