Form 4: Steelcase Executive Robert G. Krestakos Reports Stock Disposal
SEC Form 4 Filing
VP and Chief Operations Officer of Steelcase, Robert G. Krestakos, reports disposing of 6,049 shares of Class A Common Stock to cover tax obligations.
Summary
- Robert G. Krestakos, VP and Chief Operations Officer of Steelcase Inc., filed a Form 4 on February 27, 2024, reporting a change in beneficial ownership of Steelcase's Class A Common Stock.
- On February 23, 2024, Krestakos disposed of 6,049 shares at a price of $12.8 per share.
- Following the transaction, Krestakos directly owns 104,440 shares of Steelcase's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but the impact is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of stock disposal transaction. |
| 02/27/2024 | Date of Form 4 filing. |
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