Form 4: Resources Connection CFO Jennifer Ryu Reports Stock Transactions
SEC Form 4
CFO of Resources Connection, Jennifer Ryu, reports the withholding of company stock to cover tax obligations related to vested restricted stock units.
Summary
- Jennifer Ryu, the CFO of Resources Connection, Inc., reported two transactions involving the company's common stock.
- On November 8, 2024, 2,916.3268 shares were withheld by the company to cover tax obligations related to vested restricted stock units at a price of $8.8 per share.
- An additional 0.3268 shares were adjusted for fractional shares.
- On November 9, 2024, 1,855.6482 shares were withheld for the same reason, also at $8.8 per share.
- An additional 0.6482 shares were adjusted for fractional shares.
- These transactions reduced her direct holdings of common stock to 103,135.3473 shares.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock transactions for tax purposes, and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of withholding shares to cover tax obligations when restricted stock units vest.
Comparison to Industry Standards
- The practice of withholding shares to cover tax obligations on vested restricted stock units is a standard practice across publicly traded companies.
- Many companies use similar mechanisms to manage executive compensation and tax liabilities.
- The specific number of shares withheld and the price per share are specific to Resources Connection and the terms of Jennifer Ryu's compensation package.
Stakeholder Impact
- The transactions have a minor impact on the total number of outstanding shares, but are not expected to significantly affect shareholders.
- The transactions are part of the company's compensation plan for its executives.
Key Dates
| Date | Description |
|---|---|
| 11/08/2024 | 2,916.3268 shares of common stock were withheld for tax obligations. |
| 11/09/2024 | 1,855.6482 shares of common stock were withheld for tax obligations. |
| 11/12/2024 | Date of signature for the Form 4 filing. |
Keywords
Resources Connection, Jennifer Ryu, CFO, stock transaction, restricted stock units, tax withholding, Form 4, insider trading
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