Form 4: Shyft Group Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Joshua A. Sherbin, Chief Legal Officer of Shyft Group, Inc., reports acquisition of restricted stock units and disposition of shares to cover tax obligations.
Summary
- On March 29, 2024, Joshua A. Sherbin, Chief Legal Officer of Shyft Group, Inc., acquired 17,747 shares of common stock in the form of restricted stock units.
- These restricted stock units vest ratably over three years.
- On April 1, 2024, Sherbin disposed of 1,234 shares of common stock at a price of $12.42 to satisfy tax withholding obligations related to the vesting of previously granted restricted stock.
- Following these transactions, Sherbin beneficially owns 55,618 shares of Shyft Group, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates activity by the Chief Legal Officer of Shyft Group.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Acquisition of 17,747 restricted stock units. |
| 04/01/2024 | Disposition of 1,234 shares for tax withholding. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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