Form 4: SolarWinds CEO Sudhakar Ramakrishna Reports Stock Transactions to SEC
SEC Filing
SolarWinds CEO Sudhakar Ramakrishna reported the withholding of shares to cover tax obligations related to the vesting of restricted and performance stock units.
Summary
- On May 15, 2024, SolarWinds CEO Sudhakar Ramakrishna reported transactions to the SEC on Form 4.
- The transactions involved the withholding of 39,979 shares of common stock at a price of $12.05 to cover tax obligations related to the vesting of restricted stock units.
- An additional 40,142 shares of common stock were withheld at $12.05 to cover tax obligations related to the vesting of performance stock units.
- Following these transactions, Ramakrishna directly owns 2,538,713 shares of SolarWinds common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations on vested stock, so it's neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to tax obligations of the CEO.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock transactions (withholding of shares for tax obligations). |
| 05/17/2024 | Date of Form 4 filing with the SEC. |
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.