Form 4: Sangamo Therapeutics VP Amy Pooler Reports Stock Transactions for Tax Withholding
SEC Form 4
Amy Pooler, VP and Head of Research at Sangamo Therapeutics, reports disposition of shares to cover tax obligations related to vesting Restricted Stock Units (RSUs).
Summary
- Amy Pooler, VP and Head of Research at Sangamo Therapeutics, filed a Form 4 detailing changes in beneficial ownership of company stock.
- The reported transactions involve the disposition of common stock to cover tax withholding obligations related to the vesting of RSU grants.
- On February 24, 2024, 2,209 shares were disposed of at a price of $1.13 per share for tax purposes.
- On February 25, 2024, 2,459 shares were disposed of at a price of $1.13 per share for tax purposes.
- Following these transactions, Pooler directly owns 196,314 shares of Sangamo Therapeutics common stock.
- The dispositions were not discretionary trades but were mandated by tax withholding requirements under the company's 2018 Equity Incentive Plan.
- The vesting of Pooler's RSU grants is contingent upon continuous service with Sangamo Therapeutics.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transactions are related to tax obligations, indicating a neutral sentiment.
Future Outlook
The remaining RSU shares will continue to vest in future quarterly installments, contingent upon the Reporting Person's continuous service.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax withholding and do not represent a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 02/25/2021 | Date of RSU grant that will vest in one final installment on February 25, 2024. |
| 02/25/2022 | Date of RSU grant that will vest in successive equal quarterly installments through February 25, 2025. |
| 02/24/2023 | Date of RSU grant that will vest as to one-quarter (1/4) of the shares on the first anniversary of the grant date, and the remainder of the shares will vest in 8 successive equal quarterly installments thereafter. |
| 01/22/2024 | Date of RSU grant that will vest as to one-half (1/2) of the shares on the first anniversary of the grant date, and the remainder of the shares will vest in 4 successive equal quarterly installments thereafter. |
| 02/23/2024 | Issuer's closing stock price of $1.13/share used for tax withholding purposes. |
| 02/24/2024 | Date of transaction where 2,209 shares were disposed of for tax withholding. |
| 02/25/2024 | Date of transaction where 2,459 shares were disposed of for tax withholding. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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