Form 4: Servotronics Executive James C. Takacs Reports Stock Transaction
SEC Filing
James C. Takacs, Chief Technical Officer of Servotronics, reports a transaction involving the withholding of shares to cover tax obligations.
Summary
- James C. Takacs, the Chief Technical Officer of Servotronics Inc., filed a Form 4 on April 3, 2025, reporting a transaction.
- The transaction involved the withholding of 269 shares of common stock on April 1, 2025, to cover tax withholding obligations upon the vesting of restricted stock.
- The price per share for the transaction was $10.6.
- Following the transaction, Takacs directly owns 13,866 shares of common stock and indirectly owns 21,486 shares through an ESOP.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of the stock transaction (withholding of shares). |
| 04/03/2025 | Date the Form 4 was filed. |
Keywords
Form 4, Servotronics, Stock Transaction, James C. Takacs, Equity Incentive Plan, Tax Withholding, SVT, ESOP
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.