Form 4: Rapid7 COO Andrew F. Burton Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Andrew F. Burton, COO of Rapid7, Inc., reports the disposal of 11,188 shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On May 15, 2024, Andrew F. Burton, the Chief Operating Officer of Rapid7, Inc., disposed of 11,188 shares of common stock.
- The disposal was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The price per share for the transaction was $39.38.
- Following the transaction, Burton directly owns 225,653 shares of Rapid7, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a common practice of disposing of shares to cover tax obligations upon the vesting of restricted stock units, which is a standard part of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes and does not represent a significant change in the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 02/02/2021 | Date of a previous grant of restricted stock units to the Reporting Person. |
| 02/15/2022 | Date of a previous grant of restricted stock units to the Reporting Person. |
| 02/15/2023 | Date of a previous grant of restricted stock units to the Reporting Person. |
| 02/15/2024 | Date of a previous grant of restricted stock units to the Reporting Person. |
| 05/15/2024 | Date of the transaction: disposal of shares for tax obligations. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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