Form 4: TreeHouse Foods SVP, Chief Operations Officer, Stephen Alan Landry, Reports Stock Transactions
SEC Form 4 Filing
Stephen Alan Landry, SVP, Chief Operations Officer of TreeHouse Foods, Inc., reports the settlement of restricted stock units and shares withheld for tax obligations on March 13, 2024.
Summary
- On March 13, 2024, Stephen Alan Landry, the SVP, Chief Operations Officer of TreeHouse Foods, Inc. (THS), engaged in transactions involving the company's common stock.
- Landry settled 1,340 restricted stock units (RSUs) into shares of common stock.
- 393 shares were withheld to satisfy minimum tax withholding requirements upon the vesting of these RSUs at a price of $36.96.
- Following these transactions, Landry directly owns 2,335 shares of TreeHouse Foods, Inc. common stock and 2,678 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It allows investors to monitor the actions of company executives and their potential impact on the stock's performance.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2023 | Grant date of the restricted stock units that 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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