Form 4: Revvity Inc. Executive Anita Gonzales Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Anita Gonzales, Vice President and Controller of Revvity Inc., reports disposing of common stock to cover tax withholding obligations upon the vesting of restricted stock units.
Summary
- On February 18, 2025, Anita Gonzales, Vice President and Controller of Revvity Inc., disposed of shares of common stock to satisfy tax withholding obligations.
- The disposals were related to the vesting of restricted stock units (RSUs) granted on March 4, 2022, March 3, 2023, and March 1, 2024.
- A total of 50, 69, and 83 shares were surrendered at a price of $112.26 per share.
- Following these transactions, Gonzales directly owns 3,790 shares of Revvity Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates standard tax-related stock disposals, which are common when restricted stock units vest.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time.
- Upon vesting, these RSUs are subject to income tax, and it's common practice for companies to withhold shares to cover these tax obligations.
- The number of shares withheld depends on the company's tax policy and the executive's marginal tax rate.
- Companies like Thermo Fisher Scientific, Danaher, and Agilent Technologies, which operate in similar industries, also have executives who regularly file Form 4s for similar transactions related to RSUs.
Key Dates
| Date | Description |
|---|---|
| 2022/03/04 | Date of original grant of restricted stock units related to the disposal of 50 shares. |
| 2023/03/03 | Date of original grant of restricted stock units related to the disposal of 69 shares. |
| 2024/03/01 | Date of original grant of restricted stock units related to the disposal of 83 shares. |
| 2025/02/18 | Date of stock disposal to satisfy tax withholding obligations. |
| 2025/02/19 | Date of signature of the Form 4 filing. |
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