Form 4: Virco MFG Corporation: Officer Patricia Quinones Reports Stock Disposal for Tax Obligations

Patricia Quinones, a Vice President at Virco MFG Corporation, reported disposing of 1,165 shares of common stock to cover tax obligations related to the vesting of restricted stock.

Summary

• On June 21, 2024, Patricia Quinones, a Vice President at Virco MFG Corporation, disposed of 1,165 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of 4,000 shares of restricted stock.
• The price per share for the disposal was $14.83.
• Following the transaction, Quinones directly owns 61,638 shares of Virco MFG Corporation.
• The report was filed on June 24, 2024.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't indicate any significant positive or negative sentiment towards the company.

Industry Context

This is a routine Form 4 filing, which is common for corporate officers who have stock-based compensation. It indicates that an insider sold shares to cover tax obligations, which is a normal occurrence and doesn't necessarily reflect a change in the officer's outlook on the company.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates