Form 4: Unisys SVP & CTO Dwayne Allen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Dwayne Allen, SVP & CTO of Unisys Corp, reports the disposition of common stock to cover tax obligations.
Summary
- Dwayne Allen, a Senior Vice President and Chief Technology Officer at Unisys Corp, filed a Form 4 with the SEC.
- The filing reports changes in beneficial ownership of Unisys common stock.
- On May 3, 2024, Allen disposed of 325 shares at a price of $5.08 per share and 1,090 shares at a price of $5.08 per share.
- These transactions were likely to cover tax obligations related to vesting of stock or option exercises.
- Following the transactions, Allen directly owns 62,186 shares of Unisys common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an executive. 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. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock transactions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of stock disposition. |
| 05/07/2024 | Date of signature on the Form 4 filing. |
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