Form 4: Virgin Galactic Executive Sells 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 obligations related to vesting restricted stock units.
Summary
- On November 4, 2024, Alistair Burns, SVP and Chief Information Officer of Virgin Galactic Holdings, Inc., disposed of 2 shares of common stock.
- The transaction was executed to cover the reporting person's tax withholding obligation upon the quarterly vesting of restricted stock units granted on October 27, 2021.
- The shares were disposed of at a price of $6.61.
- Following the transaction, Burns directly owns 38,918 shares of Virgin Galactic.
- The transaction was reported on November 5, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| October 27, 2021 | Date of grant for the restricted stock units. |
| November 04, 2024 | Date of the transaction (disposal of shares). |
| November 05, 2024 | Date of report 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.