Form 4: RPM International Executive Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Edward W. Moore, SVP, GC & CCO of RPM International, disposed of 264 shares of common stock to cover tax obligations after shares vested.
Summary
- On May 31, 2024, Edward W. Moore, SVP, GC & CCO of RPM International Inc., disposed of 264 shares of common stock.
- The shares were disposed of to satisfy tax obligations related to 899 shares of common stock that vested on the same date under the company's 2014 Omnibus Equity and Incentive Plan.
- Following the transaction, Moore directly owns 56,209 shares of RPM International.
- Moore also holds stock appreciation rights relating to 50,800 shares of common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This filing indicates a routine transaction to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/26/2013 | Date of Power of Attorney granted to Gregory J. Dziak. |
| 05/31/2024 | Date of transaction: vesting of shares and subsequent disposal to cover tax obligations. |
| 06/04/2024 | Date of signature of the Form 4 filing. |
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