Form 4: StepStone Group CFO David Y. Park Reports Tax-Related Stock Disposal
SEC Form 4 Filing
David Y. Park, CFO of StepStone Group Inc., disposed of 3,966 shares of Class A Common Stock on September 30, 2024, to cover tax obligations related to vested restricted stock units.
Summary
- On September 30, 2024, David Y. Park, the Chief Financial Officer of StepStone Group Inc., reported a transaction involving the company's Class A Common Stock.
- Park disposed of 3,966 shares to satisfy tax withholding obligations associated with the vesting of 7,825 restricted stock units.
- The shares were disposed of at a price of $56.83 per share.
- Following the transaction, Park directly owns 23,251 shares of StepStone Group Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Disposal of shares to cover tax obligations. |
| 09/30/2024 | Date of vesting of 7,825 restricted stock units. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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