Form 4: Upwork CFO Erica Gessert Reports Stock Transactions
SEC Form 4 Filing
Erica Gessert, CFO of Upwork, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On June 18, 2024, Erica Gessert, the Chief Financial Officer of Upwork, had restricted stock units (RSUs) vest, which converted into 8,432 shares of common stock.
- To cover tax withholding obligations associated with the vesting of these RSUs, Ms. Gessert sold 4,537 shares at a weighted average price of $10.2165.
- The sales occurred in multiple transactions with prices ranging from $10.195 to $10.265 per share.
- Following these transactions, Ms. Gessert directly owns 90,166 shares of Upwork common stock and 126,494 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The sale of shares by the CFO could have a minor, temporary impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| 06/18/2024 | Date of RSU vesting and stock sale. |
| 06/21/2024 | Date of Form 4 signature. |
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