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 April 22, 2024, Alistair Burns, SVP, Chief Information Officer of Virgin Galactic Holdings, Inc., had 36 shares of common stock withheld by the issuer to cover tax obligations.
- The price per share was $0.8561.
- Following the transaction, Burns beneficially owns 379,396 shares of Virgin Galactic common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine stock transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, which is standard practice when company insiders conduct transactions involving the company's stock. It provides transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| February 11, 2021 | Date of grant for restricted stock units related to the tax withholding. |
| April 22, 2024 | Date of the stock transaction (tax withholding). |
| April 23, 2024 | Date of signature for the Form 4 filing. |
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