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 17 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- Alistair Burns, the SVP and Chief Information Officer of Virgin Galactic Holdings, Inc., reported a transaction involving the disposal of 17 shares of common stock on May 6, 2024.
- The shares were withheld by the issuer to cover the reporting person's tax withholding obligation upon the quarterly vesting of restricted stock units granted on October 27, 2021.
- Following the transaction, Burns directly owns 379,379 shares of Virgin Galactic common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 10/27/2021 | Date of grant for the restricted stock units. |
| 05/06/2024 | Date of the transaction (disposal of shares). |
| 05/08/2024 | Date of signature for the SEC filing. |
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