Form 4: Thermon Group Holdings SVP David Buntin Reports Stock Transactions
SEC Form 4 Filing
David Buntin, SVP of Thermon Group Holdings, reports acquisition of restricted stock units and disposition of shares for tax obligations.
Summary
- On June 1, 2024, David Buntin, SVP of Thermon Group Holdings, was granted 3,110 restricted stock units (RSUs).
- These RSUs vest in equal installments over three years.
- On the same day, Buntin surrendered 2,520 shares to cover tax obligations upon the vesting of previous RSUs.
- The price per share for the tax obligation was $33.76, based on the fair market value on May 31, 2024.
- Following these transactions, Buntin beneficially owns 53,458 shares, including 7,571 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Grant date of 3,110 restricted stock units and disposition of 2,520 shares for tax obligations. |
| 06/04/2024 | Date of Form 4 filing. |
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