Form 4: Quantum Corp Executive Moorehead Reports Stock Transactions
SEC Form 4 Filing
Lewis W. Moorehead, Chief Accounting Officer of Quantum Corp, reports the acquisition and disposition of company stock to cover tax obligations.
Summary
- On April 21, 2025, Lewis W. Moorehead, Chief Accounting Officer of Quantum Corp, acquired 333 shares of common stock.
- On the same day, Moorehead disposed of 179 shares of common stock at a weighted average price of $9.6488.
- These shares were sold to cover tax withholding obligations related to the vesting of performance-based stock units granted on July 1, 2022.
- Following these transactions, Moorehead directly owns 24,971 shares of Quantum Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports routine stock transactions by an executive to cover tax obligations.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies to ensure transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| July 1, 2022 | Date of grant for performance-based stock units. |
| April 21, 2025 | Date of stock acquisition and disposition. |
| April 23, 2025 | Date of signature for the report. |
Keywords
Form 4, Quantum Corp, QMCO, Stock Transaction, Beneficial Ownership, Lewis W. Moorehead, Chief Accounting Officer
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.