Form 4: Radius Recycling Executive Sells Shares to Cover Tax Obligations
SEC Form 4
James Matthew Vaughn, SVP, GC, CCO, and Corporate Secretary of Radius Recycling, sold shares to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On October 31, 2024, James Matthew Vaughn, an officer of Radius Recycling, Inc., disposed of 889 shares of Class A Common Stock to cover withholding taxes.
- The shares were sold at a price of $16.19 per share.
- Following the transaction, Vaughn directly owns 16,407 shares of Radius Recycling, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal part of equity compensation.
Industry Context
Form 4 filings are a routine part of the regulatory landscape, providing transparency into the transactions of company insiders. This particular filing reflects a common practice of executives selling shares to cover tax obligations related to vested equity compensation.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of transaction: James Matthew Vaughn disposed of shares to cover withholding taxes. |
| 11/04/2024 | Date of signature on the Form 4 filing. |
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