Form 4: Rafael Holdings CEO William Conkling Reports Share Withholding for Taxes After Restricted Stock Vesting
SEC Form 4 Filing
William Conkling, CEO of Rafael Holdings, reports the withholding of 12,807 Class B Common Stock shares for tax purposes following the vesting of restricted stock on December 21, 2024.
Summary
- On December 21, 2024, William Conkling, the CEO of Rafael Holdings, had 12,807 shares of Class B Common Stock withheld by the issuer for tax purposes upon the vesting of restricted stock.
- The price per share for the withholding was $1.835.
- Following this transaction, Conkling beneficially owns 491,815 shares.
- This total includes 146,955 shares held directly, 158,925 fully vested restricted shares, and 185,935 unvested restricted shares.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares due to the tax withholding.
Key Dates
| Date | Description |
|---|---|
| 12/21/2024 | Date of transaction: Shares withheld for tax purposes upon vesting of restricted stock. |
| 12/23/2024 | Date of signature on the Form 4 filing. |
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