Form 4: Quest Diagnostics SVP Plewman Sells Shares to Cover Tax Obligations

Patrick Plewman, SVP for Diagnostic Services at Quest Diagnostics, disposed of shares to cover tax withholding obligations arising from the vesting of restricted share units.

Summary

• On March 26, 2024, Patrick Plewman, SVP for Diagnostic Services at Quest Diagnostics, disposed of 114 shares of common stock to cover tax withholding obligations.
• The transaction was executed at a price of $128.11 per share.
• Following the transaction, Plewman beneficially owns 15,981 shares of Quest Diagnostics stock, which includes exempt purchases made under the Company's stock purchase plan since the date of the last filing on Form 4.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't reflect a change in the executive's outlook on the company.

Industry Context

This is a routine transaction for covering tax obligations related to vested equity. It's a common practice among corporate executives and doesn't necessarily indicate a change in sentiment regarding the company's prospects.

Comparison to Industry Standards

• Similar transactions are regularly observed across publicly traded companies, such as those of executives at Labcorp (LH) and other diagnostic service providers.
• These sales are typically planned and executed to manage personal finances and tax liabilities, aligning with standard practices in executive compensation.

Key Dates