Form 4: Spectrum Brands Holdings Executive Chairman Exercises Stock Options, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
David M. Maura, Executive Chairman and CEO of Spectrum Brands Holdings, exercised stock options and disposed of shares to cover tax obligations and the exercise price.
Summary
- On May 10, 2024, David M. Maura, the Executive Chairman and CEO of Spectrum Brands Holdings, exercised previously granted stock options for 26,743 shares of common stock at a price of $82.85 per share.
- Following the exercise, Mr. Maura disposed of 821 shares to satisfy tax withholding obligations at a price of $94.8 per share.
- Additionally, 23,372 shares were withheld by the company to cover the exercise price of the options, also at $94.8 per share.
- After these transactions, Mr. Maura beneficially owns 772,232 shares of Spectrum Brands Holdings common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and does not indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily relate to executive compensation and do not significantly alter the company's financial position or operations.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of stock option exercise and share disposals. |
| 05/14/2024 | Date of Form 4 filing. |
| 11/25/2024 | Expiration date of the employee stock options. |
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