Form 4: Saga Communications SVP Reports Stock Transactions
SEC Form 4 Filing
Catherine Bobinski, SVP and Chief Accounting Officer of Saga Communications, reports the withholding of shares for tax obligations and acquisition of shares through the company's 401(k) plan.
Summary
- Catherine A. Bobinski, SVP and Chief Accounting Officer of Saga Communications, filed a Form 4 on November 8, 2024.
- The report details changes in beneficial ownership of Saga Communications Class A Common Stock.
- On November 6, 2024, 1,160 shares were withheld to satisfy tax obligations related to the vesting of restricted stock at a price of $13.99.
- Bobinski also reported owning 1,123 shares indirectly through the issuer's 401(k) plan.
- Following these transactions, Bobinski directly owns 25,963 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of stock transactions (tax withholding and 401(k) acquisition) |
| 11/08/2024 | Date of Form 4 filing |
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