Form 4: Stride Inc. Executive Todd Goldthwaite Reports Share Withholding for Tax Obligations

Managing Director Todd Goldthwaite of Stride, Inc. reports the withholding of 152 common stock shares to cover tax obligations related to vesting restricted shares.

Summary

• On August 18, 2024, Todd Goldthwaite, a Managing Director at Stride, Inc., had 152 shares of common stock withheld by the issuer to cover withholding tax obligations.
• This transaction occurred due to the vesting of restricted shares.
• The price per share for the withholding was $82.53.
• Following this transaction, Goldthwaite beneficially owns 89,425 shares of Stride, Inc. common stock directly.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, indicating standard corporate practices. There are no indications of unusual or concerning activity.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of share withholding for tax purposes upon the vesting of restricted stock, a common practice in executive compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes, a standard part of executive compensation.

Key Dates