Form 4: Teladoc Health Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Arnnon Geshuri, Chief People Officer of Teladoc Health, sold 404 shares of common stock on February 26, 2024, at a price of $14.503 per share to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 26, 2024, Arnnon Geshuri, the Chief People Officer of Teladoc Health, Inc., sold 404 shares of the company's common stock.
- The sale was executed at a price of $14.503 per share.
- The purpose of the sale was to cover the tax withholding obligation associated with the vesting of Geshuri's restricted stock unit awards.
- Following the transaction, Geshuri directly owns 28,020 shares of Teladoc Health, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) by an executive, which is neither particularly positive nor negative.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are not necessarily indicative of a negative outlook on the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of the transaction: Arnnon Geshuri sold 404 shares of Teladoc Health common stock. |
| 02/27/2024 | Date of signature: Adam C. Vandervoort, Attorney-in-Fact, signed the Form 4 on this date. |
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