Form 4: Virco MFG COO Jerry Scott Bell Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Virco MFG COO Jerry Scott Bell disposed of 1,165 shares of common stock on June 21, 2024, to satisfy tax obligations.
Summary
- On June 21, 2024, Jerry Scott Bell, the COO of Virco MFG Corporation, disposed of 1,165 shares of common stock.
- The transaction was executed at a price of $14.83 per share.
- This disposal was to cover tax obligations.
- Following the transaction, Bell directly owns 94,264 shares of Virco MFG Corporation.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine disposal of shares to cover tax obligations and doesn't necessarily indicate a change in the executive's confidence in the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in executive sentiment and holdings.
Stakeholder Impact
- The disposal of shares by a company executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of the transaction where Jerry Scott Bell disposed of shares. |
| 06/24/2024 | Date of signature on the Form 4 filing. |
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