Form 4: Radius Recycling CEO Tamara Lundgren Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Tamara L. Lundgren, Chairman, President, and CEO of Radius Recycling, sold shares to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On October 31, 2024, Tamara L. Lundgren, Chairman, President, and CEO of Radius Recycling, engaged in a transaction involving Class A Common Stock.
- Specifically, 19,826 shares were disposed of at a price of $16.19.
- This transaction was executed to cover withholding taxes upon the vesting of restricted stock units.
- Following the transaction, Lundgren directly owns 1,203,066 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies. They provide transparency into the transactions of company insiders, allowing investors to track significant changes in ownership.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant given the relatively small number of shares involved compared to the total outstanding shares.
- Employees are unlikely to be directly impacted by this transaction.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of transaction: Tamara L. Lundgren disposed of shares to cover withholding taxes. |
| 11/04/2024 | Date of signature on the Form 4 filing. |
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