Form 4: Rogers Corp CEO Randall Colin Gouveia Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Rogers Corp CEO Randall Colin Gouveia disposed of 459 shares of common stock on February 14, 2025, to satisfy tax withholding requirements related to vesting restricted stock units.
Summary
- On February 14, 2025, Randall Colin Gouveia, the President and CEO of Rogers Corporation, disposed of 459 shares of the company's common stock.
- The shares were disposed of at a price of $89.34 per share.
- This transaction was executed to cover tax withholding obligations associated with the vesting of time-based restricted stock units.
- Following the transaction, Gouveia directly owns 49,504 shares of Rogers Corporation's common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of stock disposal transaction |
| 02/18/2025 | Date of signature on the Form 4 filing |
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