Form 4: Resources Connection COO, Bhadreskumar Patel, Reports Stock Acquisition and Disposal
SEC Form 4 Filing
Bhadreskumar Patel, COO of Resources Connection, Inc. (RGP), reports acquiring and disposing of common stock due to dividend equivalent rights on restricted stock units.
Summary
- On September 20, 2024, Bhadreskumar Patel, the COO of Resources Connection, Inc., engaged in transactions involving the company's common stock.
- Patel acquired 950.7936 shares due to dividend equivalent rights accrued on previously awarded restricted stock units.
- These rights vest proportionately with the units to which they relate.
- Concurrently, Patel disposed of an unspecified amount of shares.
- Following these transactions, Patel beneficially owns 78,311.5371 shares of Resources Connection, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Date of stock acquisition and disposal transaction. |
| 09/24/2024 | Date of signature on the Form 4 filing. |
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