Form 4: Radius Recycling CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Stefano R. Gaggini, SVP and CFO of Radius Recycling, sold 2,562 shares of Class A Common Stock on October 31, 2024, to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On October 31, 2024, Stefano R. Gaggini, the SVP and CFO of Radius Recycling, sold 2,562 shares of Class A Common Stock.
- The sale was executed at a price of $16.19 per share.
- This transaction was to cover withholding taxes related to the vesting of restricted stock units.
- Following the transaction, Gaggini directly owns 73,693 shares of Radius Recycling's Class A Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transaction is a routine sale of shares to cover tax obligations, which is a common practice and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of the transaction: Stefano R. Gaggini sold 2,562 shares of Class A Common Stock. |
| 11/04/2024 | Date of signature on the Form 4 filing. |
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