Form 4: Smith & Wesson Brands CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Mark Peter Smith, CEO of Smith & Wesson Brands, sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- On August 25, 2024, Mark Peter Smith, the President and CEO of Smith & Wesson Brands, Inc., disposed of 2,212 shares of common stock to satisfy tax withholding obligations.
- The shares were sold at a price of $15.21 per share.
- Following the transaction, Smith directly owns 372,779 shares of Smith & Wesson Brands, Inc.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover tax obligations), so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/25/2024 | Date of transaction: Mark Peter Smith disposed of shares. |
| 08/27/2024 | Date of signature on the Form 4 filing. |
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