Form 4: Spectrum Brands Holdings CEO Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Spectrum Brands Holdings' CEO, David M. Maura, disposed of shares to cover tax liabilities from vested restricted stock.
Summary
- David M. Maura, the Executive Chairman and CEO of Spectrum Brands Holdings, disposed of shares of common stock on December 6, 2024.
- The shares were disposed of to satisfy tax liabilities resulting from the vesting of restricted stock.
- A total of 6,224 shares were disposed of at a price of $94.88 per share.
- The total value of the disposed shares was $789,607.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.
Industry Context
This type of transaction is common for executives who receive stock-based compensation, as they often need to sell shares to cover the associated tax liabilities.
Comparison to Industry Standards
- Executive stock disposals to cover tax obligations are a standard practice across publicly traded companies.
- The number of shares and value of the transaction are not unusual for a CEO's stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 2024-12-06 | Date of share disposal by David M. Maura. |
| 2024-12-10 | Date of filing of the transaction. |
Keywords
Spectrum Brands Holdings, David M. Maura, share disposal, tax liability, restricted stock, executive compensation
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