Form 4: Smith & Wesson Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Susan Jean Cupero, Vice President of Sales at Smith & Wesson Brands, Inc., sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 3, 2024, Susan Jean Cupero, Vice President of Sales at Smith & Wesson Brands, Inc., disposed of 432 shares of common stock.
- The shares were sold at a price of $17.19 per share.
- This transaction was to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Cupero directly owns 66,533 shares of Smith & Wesson Brands, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive sold shares to cover tax obligations, which is a common practice.
Industry Context
Form 4 filings are a routine part of the US stock market, and are required by the SEC to ensure transparency of trading activity by company insiders. This filing indicates that an officer of the company sold shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of transaction: Susan Jean Cupero disposed of shares. |
| 05/06/2024 | Date of signature on the Form 4 filing. |
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