Form 4: Veracyte CEO Stapley Reports Tax Withholding Share Transaction
SEC Form 4 Filing
Veracyte's CEO, Marc Stapley, reports the withholding of shares to cover tax obligations related to the vesting of Restricted Stock Units.
Summary
- On June 2, 2024, Veracyte CEO Marc Stapley reported a transaction involving the withholding of common stock to cover tax obligations.
- A total of 5,746 shares were withheld at a price of $20.75 per share.
- This withholding relates to the vesting of Restricted Stock Units (RSUs) granted on June 1, 2021, March 3, 2022, and March 6, 2023.
- The withheld shares do not represent a sale by the reporting person.
- Following the transaction, Stapley directly owns 323,994 shares of Veracyte common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 06/01/2021 | Date of grant for some of the Restricted Stock Units related to the tax withholding. |
| 03/03/2022 | Date of grant for some of the Restricted Stock Units related to the tax withholding. |
| 03/06/2023 | Date of grant for some of the Restricted Stock Units related to the tax withholding. |
| 06/02/2024 | Date of the reported transaction (tax withholding). |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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