Form 4: Smith & Wesson Executive Deana McPherson Reports Stock Transaction
SEC Form 4 Filing
Deana McPherson, Executive Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary of Smith & Wesson Brands, Inc., reports a transaction involving the withholding of common stock to cover tax obligations.
Summary
- On June 17, 2024, Deana McPherson, an executive at Smith & Wesson Brands, Inc., had 299 shares of common stock withheld by the issuer.
- This withholding was to satisfy tax obligations related to the vesting of restricted stock units.
- Following this transaction, McPherson directly owns 97,172 shares of Smith & Wesson common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that Deana McPherson, a key executive, had shares withheld to cover taxes, a common practice when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of stock transaction (tax withholding). |
| 06/20/2024 | Date of signature on the Form 4 filing. |
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