Form 4: Servotronics CEO William F. Farrell Jr. Reports Stock Transaction
SEC Form 4 Filing
William F. Farrell Jr., CEO of Servotronics, Inc., reports a transaction involving the withholding of shares to cover tax obligations.
Summary
- On April 1, 2024, William F. Farrell Jr., CEO of Servotronics, Inc., reported a transaction.
- The transaction involved the withholding of 1,820 shares of common stock at a price of $13.02 to cover tax withholding obligations upon the vesting of restricted stock.
- Following the transaction, Farrell directly owns 23,586 shares of common stock and indirectly owns 351 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the reported transaction (stock withholding for tax obligations). |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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