Form 4: Tupperware Brands EVP, CLO & Secretary Karen Sheehan Disposes of Shares to Cover Tax Liability
SEC Form 4 Filing
Karen Sheehan, EVP, CLO & Secretary of Tupperware Brands Corp, disposed of 392 shares of common stock on March 12, 2024, to cover tax liabilities resulting from the vesting of restricted stock units.
Summary
- On March 12, 2024, Karen M. Sheehan, EVP, CLO & Secretary of Tupperware Brands Corporation, disposed of 392 shares of common stock.
- The transaction was executed at a price of $1.52 per share.
- The disposal was to cover the tax liability resulting from the vesting of restricted stock units.
- Following the transaction, Sheehan directly owns 146,039 shares of Tupperware Brands Corp.
- Sheehan was granted 5,005 restricted stock units on March 12, 2021, which vest in three equal installments starting on March 12, 2022.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's prospects.
Industry Context
Executive stock transactions are a common occurrence and are often related to compensation and tax planning. The sale itself is unlikely to have a significant impact on the company's overall performance or stock price.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares being sold by an executive.
Key Dates
| Date | Description |
|---|---|
| 2021-03-12 | Karen Sheehan was granted 5,005 restricted stock units with a vesting schedule of 3 equal installments beginning on March 12, 2022. |
| 2022-01-20 | Power of Attorney executed, authorizing Karen M. Sheehan, Derek B. Swanson, Mone L. Isaia, and Cheryl M. Murphy to file Forms 3, 4, and 5 on behalf of Karen M. Sheehan. |
| 2022-03-12 | First vesting date of restricted stock units. |
| 2024-03-12 | Karen Sheehan disposed of 392 shares of common stock to cover tax liability. |
| 2024-03-13 | Date of Form 4 signature. |
Keywords
Form 4, Tupperware Brands Corp, Karen Sheehan, Stock Disposal, Restricted Stock Units, Tax Liability, Beneficial Ownership, Officer Transaction
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