Form 4: Veracyte CEO Marc Stapley Reports Stock Transaction for Tax Obligations
SEC Form 4 Filing
Veracyte CEO Marc Stapley had shares withheld to cover tax obligations related to vesting restricted stock units, not representing a sale.
Summary
- Veracyte CEO Marc Stapley had 5,748 shares of common stock withheld to satisfy tax obligations.
- These shares were withheld in connection with the vesting of restricted stock units granted on June 1, 2021, March 3, 2022, and March 6, 2023.
- The withholding of shares is not a sale by the reporting person.
- The price per share for the transaction was $44.12.
- Following the transaction, Mr. Stapley beneficially owns 312,935 shares of Veracyte common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies.
Comparison to Industry Standards
- Stock transactions for tax obligations are a standard practice for executives receiving equity compensation.
- The reporting of these transactions via SEC Form 4 is a common regulatory requirement for publicly traded companies.
Stakeholder Impact
- The transaction has a neutral impact on shareholders as it is a standard tax withholding event.
Key Dates
| Date | Description |
|---|---|
| 06/01/2021 | Grant date of some of the restricted stock units. |
| 03/03/2022 | Grant date of some of the restricted stock units. |
| 03/06/2023 | Grant date of some of the restricted stock units. |
| 12/02/2024 | Date of the stock transaction. |
| 12/04/2024 | Date of the filing. |
Keywords
Veracyte, stock transaction, SEC Form 4, Marc Stapley, restricted stock units, tax withholding, beneficial ownership
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