Form 4: Steelcase Executive Robert G. Krestakos Reports Stock Disposal
SEC Form 4 Filing
Robert G. Krestakos, VP and Chief Operations Officer of Steelcase Inc., reports disposing of 3,780 shares of Class A Common Stock to cover tax obligations.
Summary
- On February 28, 2025, Robert G. Krestakos, VP and Chief Operations Officer of Steelcase Inc., disposed of 3,780 shares of Class A Common Stock.
- The transaction was executed at a price of $12.16 per share.
- Following the transaction, Krestakos directly owns 110,701 shares of Steelcase Inc.
- The disposal was related to covering tax obligations.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a standard transaction. The disposal of shares to cover tax obligations is a common practice and doesn't necessarily indicate a negative outlook.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a relatively small number of shares being disposed of by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock disposal transaction |
| 03/04/2025 | Date of signature on the report |
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