Form 4: Vimeo Director Adam Gross Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Adam Gross reports a transaction involving the withholding of shares to cover income tax obligations related to the settlement of restricted stock units.
Summary
- On July 1, 2024, Vimeo director Adam Gross had 6,194 shares withheld by the issuer to cover income tax obligations related to the net settlement of restricted stock units (RSUs).
- This transaction did not represent a sale by the reporting person.
- Following the transaction, Gross beneficially owns 235,254.44 shares of Vimeo common stock.
- This total includes 91,107 RSUs previously awarded, 22,423.44 share units credited under the Deferred Compensation Plan, and 121,724 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reports a standard transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction where shares were withheld for tax obligations. |
| 07/03/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.