Form 4: Redwire Corp Chairman and CEO Peter Cannito Jr. Reports Stock Disposal for Tax Obligations

Peter Cannito Jr., Chairman and CEO of Redwire Corp, disposed of 24,676 shares of common stock on November 1, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On November 1, 2024, Peter Anthony Cannito Jr., Chairman and CEO of Redwire Corp, disposed of 24,676 shares of common stock.
• The transaction was executed to cover tax obligations arising from the vesting of restricted stock units.
• The shares were disposed of at a price of $7.76 per share.
• Following the transaction, Cannito directly owns 454,647 shares of Redwire Corp.
• This total includes 5,000 shares acquired through Redwire Corporation's employee stock purchase plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects a routine transaction for tax purposes and doesn't necessarily indicate a change in the insider's confidence in the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in ownership and sentiment.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.

Key Dates