Form 4: Steelcase Executive McGrath Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Nicole Cherie McGrath, VP, Corp Controller and CAO of Steelcase Inc., disposed of 3,674 shares of Class A Common Stock on February 23, 2024, to cover tax obligations.
Summary
- On February 23, 2024, Nicole Cherie McGrath, VP, Corp Controller and CAO of Steelcase Inc., disposed of 3,674 shares of Class A Common Stock.
- The transaction was executed at a price of $12.8 per share.
- Following the transaction, McGrath directly owns 30,225 shares of Steelcase Inc. Class A Common Stock.
- The disposal was related to covering tax obligations.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders trade their company's stock. This filing indicates a routine transaction related to tax obligations.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of stock disposal transaction |
| 02/27/2024 | Date of signature on the report |
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