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 Vimeo shares to cover tax obligations related to the settlement of restricted stock units.
Summary
- On May 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 Gross.
- Following the transaction, Gross beneficially owns 203,198.44 shares of Vimeo common stock.
- This total includes previously awarded RSUs, share units credited under the Deferred Compensation Plan, and shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings 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 |
|---|---|
| 05/01/2024 | Date of transaction where shares were withheld for tax obligations. |
| 05/03/2024 | Date of signature for the Form 4 filing. |
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