Form 4: Servotronics CFO Robert Fraass Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Robert Fraass, CFO of Servotronics, disposed of 726 shares of common stock on May 1, 2024, to cover tax withholding obligations related to vesting restricted stock.
Summary
- On May 1, 2024, Robert Fraass, the Chief Financial Officer of Servotronics Inc., disposed of 726 shares of common stock.
- The disposal was executed to cover tax withholding obligations upon the vesting of restricted stock, as permitted under the Servotronics, Inc. 2022 Equity Incentive Plan.
- The price per share for the transaction was $12.9.
- Following the transaction, Fraass directly owns 4,335 shares of Servotronics Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of stock disposal to cover tax withholding obligations. |
| 05/14/2024 | Date of signature on the Form 4 filing. |
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