Form 4: SAIC Executive James Joshua Jackson Reports Stock Disposals
SEC Form 4 Filing
EVP James Joshua Jackson of Science Applications International Corp (SAIC) reported disposing of common stock to cover tax obligations.
Summary
- On April 1st and 2nd, 2024, James Joshua Jackson, an EVP at Science Applications International Corp (SAIC), disposed of 142 and 159 shares of common stock, respectively.
- The disposals were conducted to cover tax obligations related to vested restricted stock units.
- The price per share for the disposals was $130.39 on April 1st and $130.31 on April 2nd.
- Following these transactions, Jackson directly owns 11,872 shares of SAIC common stock and indirectly owns 6,282.514 shares through KESDP.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock disposals for tax purposes, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The sale of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The stock disposal has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Disposal of 142 shares of common stock at $130.39. |
| 04/02/2024 | Disposal of 159 shares of common stock at $130.31. |
| 04/03/2024 | Date of signature by Attorney-in-fact. |
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