Form 4: TreeHouse Foods Executive O'Donnell Reports Stock Transactions
SEC Form 4
Patrick M. O'Donnell, Chief Accounting Officer of TreeHouse Foods, reports the settlement of restricted stock units and shares withheld for tax obligations.
Summary
- On March 13, 2024, Patrick M. O'Donnell, Chief Accounting Officer of TreeHouse Foods, Inc., reported transactions involving the company's common stock.
- O'Donnell settled 750 restricted stock units (RSUs) into shares of common stock.
- Additionally, 220 shares were withheld to satisfy minimum tax withholding requirements upon the vesting of the RSUs at a price of $36.96.
- Following these transactions, O'Donnell directly owns 8,406 shares of TreeHouse Foods common stock and 1,499 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, which is a common practice among publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/13/2023 | Grant date of the restricted stock units which vest and settle in stock or cash in three approximately equal installments on each of the first three anniversaries of the grant date. |
| 03/13/2024 | Date of the reported transactions: settlement of restricted stock units and withholding of shares for tax obligations. |
| 03/15/2024 | Date of signature for the Form 4 filing. |
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