Form 4: TrueCar CFO Oliver Foley Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Oliver Foley, CFO of TrueCar, Inc., reports the withholding of 2,752 common stock shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On October 15, 2024, Oliver Foley, the Chief Financial Officer of TrueCar, Inc., had 2,752 shares of common stock withheld to cover tax liabilities.
- This transaction occurred due to the vesting of restricted stock units.
- Following the transaction, Foley directly owns 254,812 shares of TrueCar common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date of stock transaction (tax withholding). |
| 10/16/2024 | Date of signature for the report. |
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