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 March 25, 2024, Alistair Burns, SVP, Chief Information Officer of Virgin Galactic Holdings, Inc., had 37 shares of common stock withheld by the issuer to cover tax obligations.
- The shares were withheld at a price of $1.38.
- Following the transaction, Burns directly owns 385,501 shares of Virgin Galactic common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a routine tax obligation fulfillment related to vested stock units.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 02/11/2021 | Date of grant of restricted stock units that vested monthly. |
| 03/25/2024 | Date of transaction: Shares withheld for tax obligations. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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