Form 4: Vimeo Interim CEO Adam Gross Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Adam Gross, Interim CEO of Vimeo, reports changes in beneficial ownership due to tax withholding on restricted stock units.
Summary
- On April 1, 2024, Adam Gross, the Interim CEO of Vimeo, reported a change in beneficial ownership of Vimeo, Inc. common stock.
- 4,361 shares were withheld by Vimeo to satisfy 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 209,392.44 shares of Vimeo common stock.
- This total includes previously awarded RSUs (117,562), share units credited under the Deferred Compensation Plan (22,423.44), and shares of common stock (69,407).
Sentiment
Score: 7
Explanation: The document is neutral in sentiment as it reports a routine transaction related to tax obligations. There are no indications of positive or negative performance, just standard reporting.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding process related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction (stock withholding for tax obligations). |
| 04/03/2024 | Date of report filing. |
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