Form 4: Virco MFG Corporation: Officer Dose Reports Stock Disposal
SEC Form 4 Filing
Robert E. Dose, Vice President of Finance at Virco MFG Corporation, reports the disposal of 1,445 shares of common stock to cover tax obligations.
Summary
- On June 21, 2024, Robert E. Dose, the Vice President of Finance at Virco MFG Corporation, reported a transaction involving the disposal of 1,445 shares of common stock.
- The shares were disposed of at a price of $14.83 per share.
- Following the transaction, Dose directly owns 119,632 shares of Virco MFG Corporation.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction. It doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates a sale of shares by an officer, which could be for various reasons, including covering tax obligations related to stock awards.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares being disposed of by an officer.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of the stock disposal transaction and filing date of the Form 4. |
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.