Form 4: USANA Health Sciences Director Timothy E. Wood Reports Stock Transactions
SEC Form 4
Director Timothy E. Wood reports the vesting and disposal of restricted stock units in USANA Health Sciences.
Summary
- On November 2, 2024, Timothy E. Wood, a director of USANA Health Sciences Inc., reported transactions involving common stock and restricted stock units.
- Wood acquired 675 shares of common stock through the vesting of restricted stock units.
- He then disposed of 169 shares to cover tax obligations at a price of $37.29 per share.
- Following these transactions, Wood directly owns 6,432 shares of common stock and 1,348 restricted stock units.
- The restricted stock units vest in quarterly installments.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares held by a director.
Key Dates
| Date | Description |
|---|---|
| 11/02/2024 | Date of stock transactions (vesting and disposal). |
| 08/02/2024 | 25% of Restricted Stock Units vest. |
| 11/02/2024 | 25% of Restricted Stock Units vest. |
| 02/02/2025 | 25% of Restricted Stock Units vest. |
| 05/02/2025 | 25% of Restricted Stock Units vest. |
| 11/05/2024 | Date of signature on the Form 4 filing. |
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