Form 4: Radius Recycling CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Stefano R. Gaggini, CFO of Radius Recycling, disposed of 982 shares of Class A Common Stock on May 1, 2024, to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On May 1, 2024, Stefano R. Gaggini, the SVP and CFO of Radius Recycling, disposed of 982 shares of Class A Common Stock.
- The shares were sold at a price of $17.42 per share.
- This transaction was executed to cover withholding taxes related to the vesting of restricted stock units.
- Following the transaction, Gaggini directly owns 77,276 shares of Radius Recycling.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This particular filing indicates a common practice of selling shares to cover tax obligations related to vesting equity.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: Stefano R. Gaggini disposed of shares to cover withholding taxes. |
| 05/02/2024 | Date of signature: Joseph J. Bradley, Attorney-in-Fact, signed the form. |
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