Form 4: Vimeo Director Adam Gross Reports Tax Withholding Share Transaction
SEC Form 4 Filing
Director Adam Gross reports a transaction involving the withholding of Vimeo shares to cover income tax obligations related to the settlement of restricted stock units.
Summary
- On August 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.
- This transaction did not represent a sale by Mr. Gross.
- Following the transaction, Mr. Gross beneficially owns 232,246.648 shares of Vimeo common stock.
- This total includes previously awarded restricted stock units, share units credited under the Deferred Compensation Plan, and shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily concerns tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of share withholding transaction for tax obligations. |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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