Form 4: Unisys EVP & CFO Debra McCann Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Debra McCann, EVP & CFO of Unisys Corp, disposed of 15,106 shares of common stock on February 28, 2024, to cover tax obligations.
Summary
- On February 28, 2024, Debra McCann, the EVP & CFO of Unisys Corporation, disposed of 15,106 shares of Unisys common stock.
- The transaction was executed at a price of $5.28 per share.
- This disposal was likely to cover tax obligations related to vesting of stock or option exercises.
- Following the transaction, McCann directly owns 216,134 shares of Unisys common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a stock disposal by a key executive, which is a common occurrence for tax planning or diversification purposes.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a routine disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock disposal transaction |
| 02/29/2024 | Date of signature for the Form 4 filing |
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