Form 4: RPM International Director Sells Shares to Cover Tax Obligations After Stock Vesting
SEC Form 4 Filing
William B. Summers Jr., a director at RPM International Inc., disposed of 460 shares of common stock to cover tax obligations following the vesting of 1,800 shares on October 31, 2024.
Summary
- On October 31, 2024, William B. Summers Jr., a director at RPM International Inc., had 1,800 shares of common stock vest under the company's 2014 Omnibus Equity and Incentive Plan.
- To satisfy tax obligations related to this vesting, Mr. Summers disposed of 460 shares back to the issuer at a price of $127.11 per share.
- Following this transaction, Mr. Summers directly owns 47,128 shares of RPM International Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when stock options or restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| May 14, 2007 | Date of Power of Attorney on file with the Commission. |
| October 31, 2024 | Date of stock vesting and subsequent share disposal. |
| November 04, 2024 | Date of signature for the Form 4 filing. |
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