Form 4: SolarWinds EVP Andrea Webb Reports Stock Disposals to Cover Tax Obligations
SEC Filing
Andrea Webb, EVP and Chief Customer Officer of SolarWinds, reported the disposal of shares to cover tax obligations related to vesting restricted stock units and performance stock units.
Summary
- Andrea Webb, an EVP and Chief Customer Officer at SolarWinds, filed a Form 4 with the SEC.
- The filing reports the disposal of SolarWinds common stock on August 15, 2024, to cover tax obligations.
- 12,054 shares were disposed of at a price of $12.85 to cover tax obligations related to vesting restricted stock units.
- An additional 13,795 shares were disposed of at a price of $12.85 to cover tax obligations related to vesting performance stock units.
- Following these transactions, Webb directly owns 764,738 shares of SolarWinds common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they represent a small fraction of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock disposal to cover tax obligations. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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