Form 4: Steelcase Executive Allan W. Smith JR. Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Allan W. Smith JR., SVP, Pres, Americas and CPO of Steelcase Inc., disposed of 8,316 shares of Class A Common Stock on February 28, 2025, to cover tax obligations.
Summary
- On February 28, 2025, Allan W. Smith JR., a Senior Vice President, President of Americas, and Chief Product Officer at Steelcase Inc., disposed of 8,316 shares of Class A Common Stock.
- The transaction was executed at a price of $12.16 per share.
- Following the transaction, Smith directly owns 168,657 shares of Steelcase Inc.
- The disposition was related to covering tax obligations.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a transaction to cover tax obligations, which is a routine event.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction: Allan W. Smith JR. disposed of shares. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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