Form 4: Virgin Galactic Executive Alistair Burns Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Alistair Burns, SVP and Chief Information Officer of Virgin Galactic, disposed of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Alistair Burns, the SVP and Chief Information Officer of Virgin Galactic Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On October 7, 2024, Burns disposed of shares of common stock to cover tax withholding obligations.
- 5 shares were disposed of at a price of $6.1.
- 8 shares were disposed of at a price of $6.1.
- Following the transactions, Burns directly owns 38,922 shares of Virgin Galactic common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. The sale is related to tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.
Industry Context
Form 4 filings are routine and provide transparency into the trading activities of company insiders, allowing investors to track executive sentiment and potential alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| March 16, 2022 | Date of grant for restricted stock units related to one tax withholding obligation. |
| March 16, 2023 | Date of grant for restricted stock units related to one tax withholding obligation. |
| 10/07/2024 | Date of the stock disposal transactions to cover tax obligations. |
| 10/08/2024 | Date of signature for the Form 4 filing. |
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.