Form 4: Virgin Galactic Executive Alistair Burns Reports Stock Transaction
SEC Form 4 Filing
Alistair Burns, SVP and Chief Information Officer of Virgin Galactic Holdings, Inc., reports a transaction involving the withholding of common stock to cover tax obligations.
Summary
- On May 20, 2024, Alistair Burns, SVP, Chief Information Officer of Virgin Galactic Holdings, Inc., had 24 shares of common stock withheld by the issuer to cover tax obligations.
- The shares were withheld at a price of $1.01.
- Following the transaction, Burns beneficially owns 379,355 shares of Virgin Galactic common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of a stock transaction related to tax obligations, and it doesn't inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Key Dates
| Date | Description |
|---|---|
| February 11, 2021 | Date of grant for restricted stock units related to the tax withholding. |
| May 20, 2024 | Date of the stock transaction (tax withholding). |
| May 21, 2024 | Date of signature for the Form 4 filing. |
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