Form 4: Schrodinger SVP & Controller Jenny Herman Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jenny Herman, SVP & Controller of Schrodinger, Inc., sold 859 shares of common stock on February 11, 2025, to cover withholding tax obligations related to vesting restricted stock units.
Summary
- On February 11, 2025, Jenny Herman, the SVP & Controller of Schrodinger, Inc., sold 859 shares of the company's common stock.
- The sale was executed at a price of $24.43 per share.
- This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 11, 2023.
- The purpose of the sale was to cover the withholding tax liability incurred upon the vesting of restricted stock units (RSUs).
- Following the transaction, Herman directly owns 18,215 shares of Schrodinger, Inc., which includes 11,313 unvested RSUs.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares by company executives to cover tax obligations upon vesting of restricted stock units are a common practice.
Key Dates
| Date | Description |
|---|---|
| March 11, 2023 | Date of adoption of Rule 10b5-1 trading plan |
| February 11, 2025 | Date of stock sale transaction |
| February 12, 2025 | Date of Form 4 filing |
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