Form 4: Veracyte CEO Marc Stapley Reports Tax Withholding Stock Transaction
SEC Form 4 Filing
Veracyte's CEO, Marc Stapley, reports the withholding of common stock to cover tax obligations related to the vesting of restricted stock units.
Summary
- On September 2, 2024, Marc Stapley, the CEO of Veracyte, Inc., reported a transaction involving the withholding of 5,748 shares of common stock.
- These shares were withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs) granted on June 1, 2021, March 3, 2022, and March 6, 2023.
- The price per share for the withholding was $31.55.
- Following the transaction, Stapley directly owns 318,683 shares of Veracyte common stock, which includes 437 shares purchased through the Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard tax withholding transaction, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors regarding their holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| June 1, 2021 | Grant date of Restricted Stock Units related to the stock withholding. |
| March 3, 2022 | Grant date of Restricted Stock Units related to the stock withholding. |
| March 6, 2023 | Grant date of Restricted Stock Units related to the stock withholding. |
| September 2, 2024 | Date of the stock withholding transaction. |
| September 4, 2024 | Date of the Form 4 filing. |
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