Form 4: Virgin Galactic Executive Sarah E. Kim Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
EVP, CLO & Secretary of Virgin Galactic, Sarah E. Kim, reports disposing of 61 shares of common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On September 23, 2024, Sarah E. Kim, EVP, CLO & Secretary of Virgin Galactic Holdings, Inc., disposed of 61 shares of common stock.
- The transaction was executed to cover the reporting person's tax withholding obligation upon the vesting of restricted stock units granted on December 5, 2022.
- The price per share was $6.28.
- Following the transaction, Kim directly owns 9,662 shares of Virgin Galactic common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transactions for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to compensation and tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine transaction related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| December 5, 2022 | Date of grant for the restricted stock units that triggered the tax obligation. |
| September 23, 2024 | Date of the transaction (stock disposal). |
| September 24, 2024 | Date of signature for the Form 4 filing. |
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