Form 4: Quest Diagnostics Director Timothy M. Ring Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Timothy M. Ring reports acquisition of phantom stock units and updates to direct ownership of Quest Diagnostics shares due to dividend reinvestment.
Summary
- On July 1, 2024, Timothy M. Ring, a director of Quest Diagnostics, reported changes in beneficial ownership.
- Ring acquired 308 phantom stock units resulting from elective deferrals of director's cash compensation.
- These phantom stock units become payable in cash upon termination of service as a director.
- Ring also reported owning 15,367.449 shares of common stock, which includes shares acquired via dividend reinvestment since the last Form 4 filing.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating neutral sentiment. It reflects standard compensation practices and changes in stock ownership.
Industry Context
This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value.
Stakeholder Impact
- The filing provides transparency to shareholders regarding director compensation and stock ownership.
- It assures stakeholders that directors have a vested interest in the company's performance.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: acquisition of phantom stock units and dividend reinvestment. |
| 07/02/2024 | Date of signature on the Form 4 filing. |
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