Form 4: Quest Diagnostics Executive Sam Samad Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Executive Vice President & CFO of Quest Diagnostics, Sam Samad, disposed of 3,910 shares of common stock to cover tax withholding obligations arising from the vesting of restricted share units.
Summary
- On July 16, 2024, Sam Samad, Executive Vice President & CFO of Quest Diagnostics Inc., disposed of 3,910 shares of common stock.
- The shares were disposed of to cover tax withholding obligations related to the vesting of restricted share units.
- The transaction was executed at a price of $142.65 per share.
- Following the transaction, Samad directly owns 17,446 shares of Quest Diagnostics Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications for the company's performance or outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Key Dates
| Date | Description |
|---|---|
| 07/16/2024 | Date of transaction: Sam Samad disposed of shares to cover tax withholding obligations. |
| 07/18/2024 | Date of signature: Sean D. Mersten, Attorney in Fact for Sam Samad, signed the document. |
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