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, 2025, William F. Farrell Jr., CEO of Servotronics, Inc., had shares of common stock withheld to cover tax obligations upon the vesting of restricted stock.
- A total of 2,806 shares were withheld at a price of $10.6 per share.
- Following the transaction, Farrell directly owns 23,825 shares of common stock and indirectly owns 604 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider stock activity.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of stock transaction (withholding of shares for tax obligations). |
| 04/03/2025 | Date of signature for the Form 4 filing. |
Keywords
Servotronics, William F. Farrell Jr., Form 4, Stock Transaction, Tax Withholding, Equity Incentive Plan, SVT
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