Form 4: Quest Diagnostics Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Karthik Kuppusamy, SVP at Quest Diagnostics, disposed of shares to cover tax withholding obligations from vesting restricted stock units.
Summary
- On February 26, 2025, Karthik Kuppusamy, SVP of Clinical Solutions at Quest Diagnostics, disposed of 233 shares of common stock to cover tax obligations.
- The shares were sold at a price of $171.75 per share.
- Following the transaction, Kuppusamy directly owns 11,546 shares of Quest Diagnostics common stock.
- Kuppusamy also indirectly owns 358 shares through a trust and 1,591 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a common occurrence and doesn't necessarily indicate a positive or negative outlook on the company.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: Disposition of common stock. |
| 02/28/2025 | Date of signature by Attorney in Fact. |
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