Form 4: Quest Diagnostics SVP Sells Shares to Cover Tax Obligations
SEC Filing
Patrick Plewman, SVP of Diagnostic Services at Quest Diagnostics, sold shares to cover tax obligations arising from the vesting of restricted share units.
Summary
- Patrick Plewman, a Senior Vice President at Quest Diagnostics, filed a Form 4 indicating changes in beneficial ownership of the company's stock.
- On February 28, 2024, Plewman sold 228 shares of common stock at a price of $126.36 to satisfy tax obligations.
- Additionally, 105 shares were sold on the same day at the same price for the same reason.
- Following these transactions, Plewman directly owns 16,082 shares of Quest Diagnostics common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and directors. These filings do not necessarily indicate a change in the company's outlook, but rather reflect individual financial decisions.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock sales to cover tax obligations. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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.