Form 4: Rogers Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Lawrence Erwin Schmid, a Senior VP at Rogers Corp, sold 267 shares of company stock on February 19, 2025, to cover tax obligations arising from vesting restricted stock units.
Summary
- On February 19, 2025, Lawrence Erwin Schmid, a Senior Vice President at Rogers Corporation, disposed of 267 shares of Rogers Corp (ROG) common stock.
- The transaction was executed at a price of $89.88 per share.
- The shares were withheld by the company to satisfy tax withholding requirements on the vesting of time-based restricted stock units.
- Following the transaction, Schmid directly owns 9,304 shares of Rogers Corp stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive sold shares to cover taxes, which is a common practice.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related sale following the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of stock sale transaction |
| 02/21/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Rogers Corp, ROG, Lawrence Erwin Schmid, Stock Sale, Tax Withholding, Restricted Stock Units, Beneficial Ownership, Insider Trading
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